A method and apparatuses to extend the time interval between out-of-service, in-tank inspections while insuring structural integrity using a risk-based, Bayesian statistical approach comprised of a passing leak detection test, determining that the tank is not leaking, estimating a thickness of the tank floor to estimate a corrosion rate, and conducting a risk assessment using the result of the leak detection test, the corrosion rate and thickness of the tank floor, and statistical data of tank failures.