[en] This final report on the NKS/RAK-1.2 summarizes the main features of the PIFRAP PC-program and its intended implementation. Regardless of the preferred technical approach to LOCA frequency estimation, the analysis approach must include recognition of the following technical issues: a) Degradation and failure mechanisms potentially affecting piping systems within the reactor coolant pressure boundary (RCPB) and the potential consequences; b) In-service inspection practices and how they influence piping reliability; and c) The service experience with piping systems. The report consists of six sections and one appendix. A Nordic perspective on LOCA and nuclear safety is given. It includes summaries of results from research in material sciences and current regulatory philosophies regarding piping reliability. A summary of the LOCA concept is applied in Nordic PSA studies. It includes a discussion on deterministic and probabilistic views on LOCA. The R and D on piping reliability by SKI and the PIFRAP model is summarized. Next, Section 6 presents conclusion and recommendations. Finally, Appendix A contains a list of abbreviations and acronyms, together with a glossary of technical terms. (EG)