The work in this thesis focuses on the use of explicit finite element analysis (FEA) in the modelling of fluid-structure interaction of panel-water impacts. Paper A, considers modelling of a two-dimensional rigid wedge impacting a calm water surface. From analytical methods and results of a systematic parameter study a generalised approach for determination of fluid discretization and contact parameters in the modelling of arbitrary hull-water impact situations is developed and presented. In paper B the finite element modelling methodology suggested in paper A is evaluated for elastic structures by a convergence study of structural response and hydrodynamic load. The structural hydroelastic response is systematically studied by a number of FE-simulations of different impact situations concerning panel deadrise, impact velocity and boundary conditions. In paper B a tentative method for dynamic characterization is also derived. The results are compared with other published results concerning hydroelasticity in panel water impacts. The long-term goal of this work is to develop design criteria, by which it can be determined whether the loading situation of a certain vessel type should be regarded as quasi-static or dynamic, and which consequence on the design a dynamic loading has.