“…Various marine activities such as the design of coastal and offshore facilities, planning of harbor operations and ship design require detailed assessment of wave characteristics with certain return periods (Caires and Sterl, 2005;Menéndez et al, 2009;Goda et al, 2010). Generally, extreme value theory (EVT) is used for the determination of return levels by adopting a statistical analysis of historic time series of wave heights obtained from various sources such as in situ buoy measurements (e.g., Soares and Scotto, 2004;Méndez et al, 2008;Viselli et al, 2015), satellite data (e.g., Alves et al, 2003;Izaguirre et al, 2010), and hindcasted or reanalysis data by numerical models (e.g., Goda et al, 1993;Caires and Sterl, 2005;Teena et al, 2012;Jonathan et al, 2014). EVT consists of two types of distributions, viz.…”