Plot

Flint and his crew of the Walrus play a deadly game of naval warfare when they engage Captain Bryson and the Andromache on the open sea to gain precious cargo. Richard forces his daughter's hand about his business when he makes an announcement to the locals.—Adrian

Flint and his sub-size crew daringly attack the British captain Bryson's slave ship Andromache. Once Billy overcomes armed boarding rookies' 'stage fright', it seems to go well, thanks to sharpshooter Beauclerc, but the well-armed crew prepared an even better-defended trap.—KGF Vissers

The Walrus chases after the Andromache, which is fleeing with the guns they need. Flint accuses Billy of not trusting him anymore. Billy wonders about how Flint has lied to the crew, but Flint plays it off as something that a good captain needs to do to maintain morale. Billy asks about Mrs Barlow, but Flint claims that she is just a Puritan woman who he has taken as a lover.

Jack Rackham, Vane, and Anne Bonny, arrive at Noonan's brothel and inform the madame that they are the new owners.

Eleanor wonders about why Scott would betray her and returns to her offices where she finds John Silver handcuffed to the injured Randal. Outside her office, her father informs a crowd that he is a wanted fugitive and tells them that Captain Bryson liquidated their holdings and that their business there will be ended.

Looking to gain another knot of speed, Flint orders the raising of the topgallants, an act which Mr Degroot feels jeopardizes the ship. Billy supports the Captain's order and they gain the needed speed.

Mr Guthrie tells Eleanor that their criminal business is ended and that he intends to throw his lot in with the landlords with whom he has been cultivating relationships. He asks Eleanor to swallow her pride and join them, but she refuses. Meanwhile, an angry crowd grows outside her offices, looking to get back whatever money they can. Captain Hornigold has his men protecting her offices and urges her to scrape together whatever money she can to settle her outstanding debts.

Billy Bones lays out to the crew their plan of attack. As they approach, Bryson will likely turn his ship to fire on them. Since they are outgunned they cannot trade fire with him and so will go straight at him. But to allow them to board they will have to get Bryson to turn his ship so that it runs alongside theirs. Billy informs them that Mr Beauclerque will "convince" Bryson to do so. Billy has also informed Dufresne, the ships accountant, that all hands will need to take part in the boarding, including him. To steady the man's nerves, Billy tells him that no one on the ship has ever died on their first time boarding.

Bryson turns his ship and opens fire. As he does so, Mr Beauclerque, perched in the crow's nest with a rifle, shoots the man at the Andromache's wheel. When another replaces him, Beauclerque shoots him. Eventually, the Andromache turns and the Walrus comes alongside her.

The pirates leap across the gap between the two ships and begin to board. Terrified, Dufresne goes as well. One of the Andormache's defenders points a pistol at him and pulls the trigger, but it misfires. The two men wrestle and Dufresne ends up biting out the man's jugular before passing out. He is found, covered in blood, by Billy Bones.

Back at Nassau, Eleanor has called together a meeting of several captains. She proposes to start a new trading consortium using her contacts and their ships to move trade. She argues that the captains there, who own large ships but are poor pirates, will earn more money as traders. Eleanor asks Hornigold to bless their operation in order to get people to sell to them. Hornigold says that he will only do so if she agrees to lift her ban on Vane. Eleanor angrily refuses.

Aboard the Andromache, the Walrus' crew begins searching the ship. Bryson and many of his men are barricaded below decks. They shoot several of the Walrus crew who approach their hiding place. Flint is informed that Bryson has cut the link between the steering wheel and the rudder. Bryson decides to deliver his terms. He goes below decks to where a number of slaves are chained in the hold. Among them is Mr Scott. Bryson says that Guthrie ordered him to get rid of Scott. They kill a couple of slaves until one of them agrees to act as a messenger.

Back at Nassau, John Silver advises Eleanor to give up the ban on Vane. He says that it's not worth giving up everything she's built to punish Vane.

Gates lays out the situation to Flint: Bryson's men are barricaded in a section of the ship with walls and ceiling as thick as the outer hull. It's also right next to a powder magazine and so they cannot blow their way in without risking the whole ship.

Dufresne is going through Bryson's papers. He tells Billy that he has remembered a crew member who died on his first boarding. Billy names a half dozen others as well, indicating that he had lied to buck up Dufresne's spirits. Dufresne thanks him. Billy then notices a letter on Bryson's desk addressed to Miranda Barlow and pockets it.

The slave messenger emerges from the hold. Communicating through an African member of the Walrus' crew, he relays a message from Bryson. The message says that before Bryson left he sent a message to the Captain of the ship Scarborough, telling him where to find them. A sail is spotted on the horizon. Just then, the slave lights a grenade and rushes toward Flint. Billy shoots him dead and the man's dead body muffles the grenade blast.