This paper first reviews the physical meanings and the expressions of two representative strain rate models: CSM (Cowper-Symonds Model) and JCM (Johnson-Cook Model). Since it is known that the CSM and the JCM are suitable for low-intermediate and intermediate-high rate ranges, many studies regarding marine accidents such as ship collision/grounding and explosion in FPSO have employed the CSM. A formula to predict the material constant of the CSM is introduced from literature survey. Numerical simulations with two different material constitutive equations, classical metal plasticity model based on von Mises yield function and micromechanical porous plasticity model based on Gurson yield function, have been carried out for the stiffened plates under impact loading. Simulation results coincide with experimental results better when using the porous plasticity model.