Although ship's draught information onboard is substantial for both the safety of navigation and the estimation of loaded cargoes, its accuracy depends, in conventional surveying method, on the skillfulness of observers and the condition of the sea surface round the vessel. To obtain more accurate information accessibly, measuring instruments with sophisticated sensors such as mechanical, electronic and ultrasonic transducers have been developed. However, they have still limitation in accuracy and in making up a system due to the complexity of processing signal. In this paper, we propose a new technique for analyzing ultrasonic pulse signal, in order to improve the measurement accuracy and simplify a remote sensing system of draught by ultrasonic waves. In this technique, pulse signal is translated into phase curve which is composed of the phase value defined in time domain. Then, the time interval between two signals different in waveform, is waveform, is analytically determined by calculating average time difference on phase curves. Also, analytical procedure can be carried out in real time with the successive five data sampled at T/4, for high speed digital processing with computer and A/D converter. This technique is useful for measuring draught under the influence of sea condition and for interfacing its data briefly to the integrated bridge system.