If your load is wide and flat, it will experience a greater DAF (dynamic amplification factor) or shock load as it passes through the "splash zone" (air/water interface) than a slender, vertical structure. If the sea is totally flat, then the DAF will be minimal.
You also need to take care of hydrodynamic added mass on the submerged object.
The DAF for your lift will depend on the sea state that the lift is being done in (small waves, less impact on the load), the motions of the crane vessel in that sea state (which induces accelerations into the crane wire), and on the shape/weight characteristics of the load (see above). The motions of the crane vessel depend on the size/shape/heading of the vessel as well as the sea state.
The DAF for a difficult lift can easily be more than 2. If you are lucky and the sea state is low, the DAF may be as low as 1.3.
Lloyds Register have Code for Lifting Applicance in a Marine Environment (CLAME) and DNV have similar rules for offshore lifting. You can see from these rules how the safe lifting capacity of an offshore crane (expressed in terms of the static load) is reduced with increasing sea state.
And of course you know that the total load predicted to be experienced by the crane (combination of static load and dynamic amplification) should not exceed the stated limits of the crane (the "crane curves").