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Rogue waves did always attract rapt attention of the researchers in the offshore and general shipping industries, in marine academia, and media during past years. These waves are also called freak/abnormal waves, or even giant waves, and are considered quite steep and also larger in comparison to the waves surrounding them. There was a number of serious accidents which involved vessels and offshore installations - those incidents have been reported and discussed, and these waves were considered a reason; however, they not yet been included in the class society rules and recognized offshore standards. This paper was released to summarize the latest available information on rogue waves phenomena and its impact on ships as well as different marine structures. The authors have also focused on recent research projects in which this Class Society has participated. Hopefully, this booklet will definitely provide readers with some better understanding on this weather phenomenon. In addition to that, the authors have proposed some future research activities required to support the inclusion of the rogue wave effects in the operational and design procedures related to the offshore structures and vessels, in particular. They have also emphasized the need for the warning criteria for such waves.