A free standing, slender body may experience rocking motion followed by overturning when it is subject to strong seismic motions. When the free body is submerged in water, it will also be subject to lateral forces acting along the side of the free body as a result of water sloshing. This highly non-linear situation is of particular interest to engineers in the nuclear industry in need to assess the stability of transfer casks containing spent fuel and submerged in a confined pit or pool. In this work, a three-dimensional finite element dynamic transient model of a free standing cask is developed and analyzed using ANSYS. Both dry and submerged conditions are considered. Cask to floor friction, buoyancy force, and sloshing are accounted for in the assessment. The model is validated against well-accepted contributions on sloshing and rocking provided by G.W. Housner.