Hello Abijith
In the case of ASME Section VIII, Division 1 vessels, the maximum allowable tensile and compressive stress is stated in paragraph UG-23. Unit stresses are not mentioned. In the case of occasional loads, a factor of 1.2 can be applied thus increasing the allowable stresses. Wind and seismic load are classified as occasional loads. Division 1 considers principle stresses, and Division 2 consider stress intensities.
In the case of skirts with access openings, the method outlined in the European EN 13445 code is used. There, the allowable stresses are different.
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Sincerely,
Ray Delaforce
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