In this paper, unsettled technical controversies concerning about fatigue strength analysis for FPSO, one of the representative floaters, associated with welding types, screening methods, fabrication tolerances, corrosion margins and Morison loads are described based on yard practices. Basic theory for stochastic fatigue analysis is introduced as detail as possible. In order to resolve large parts of the controversies, a new fully stochastic fatigue analysis program for FPSO is developed.