The global average size of offshore wind turbines has increased steadily from 1.5 MW to 6 MW from 2000 to 2020. With this backdrop, the research community has recently looked at huge 10-15 MW class floating offshore wind turbines (FOWTs). The larger rotor, nacelle structure and tower have more significant structural flexibility. The larger structural flexibility, controller dynamics, aerodynamics, hydrodynamics, and various environmental conditions result in complex structural responses. The structural load effects of a very large FOWT could be more severe than that of the lower MW classes. Accurate quantification of the extreme dynamic responses of FOWT systems is essential in the design of the Ultimate Limit State (ULS) due to the fully-coupled interaction between the FOWT system and environmental conditions. Motivated by this, extreme responses of the 10 MW semi-submersible type FOWT are investigated using the average conditional exceedance rate (ACER) and Gumbel methods. Three operating conditions representing below-rated (U = 8 m/s), rated (U = 12 m/s) and above-rated (U = 16 m/s) regions were considered. The aim is to guide future research on large FOWTs by indicating the expected ULS loads.