Putting himself in command of the "Neptune", Captain Red directs the ship to a pirate cove, led by Dutch (Roy Kinnear), a merchant and old associate of Red. Meeting his former crewmates, Captain Red throws a party and imprisons Don Alfonso and his officers. However, one of Dutch's hostages releases them while the pirates are partying. Don Alfonso and his men return to the "Neptune" and retake the ship, sailing away with the golden throne in the morning. Using the money he has gained from Dutch, Captain Red purchases an old brig and pursues the "Neptune" to Maracaibo.