Ghost Ship Parchment

The Ghost Ship Parchment is a type of Quest in Sea of Thieves issued by Order of Souls Trading Company Representatives as part of Ghost Ship Voyages.

Where to Find
Ghost Ship Quests can currently only be acquired from one source: a single Quest is given to the Crew as part of a Ghost Ship Voyage sold by the Order of Souls. Note that Ghost Ship Voyages are only sold to Players who have reached the Reputation Rank 25 with the Order.

The Quest
Once Player Crews have acquired a Ghost Ship Map, they can access it from the Map Radial Menu viewed with the Primary Use button (/) and showed to others with Secondary Use (/).

The Map always leads Crews to a single Large Island that has been overrun by Ghost Ships and tasks them with defeating the named Ghost Captain Ship.

The Grunt Fleet
Before Crews can take on the Ghost Captain Ship, they need to first defeat a number of Grunt Ghost Ships. These Ships only take 3 Cannon hits with any projectile to defeat. The number of Ships required for the Captain Ship to appear is dependent on the difficulty or the Promotion level of the Ghost Ship Voyage.

The Ghost Captain Ship
Once enough Grunt Ships have been dealt with, all the Ships will enter portals and the Ghost Captain Ship will come out with its retinue. The Ghost Captain Ship is designated by its Ghost Captain Sails and takes more Cannon hits to defeat. The number of Cannon hits is dependent on the difficulty of the Voyage.

Rewards
Ghost Ships leave behind Ghostly Treasure, which is circled by wraiths on the Seas.

Grunt Ships can occasionally leave behind Storage Crates of the Damned with extra Cannonballs and Planks inside. This Crate can be sold to the Merchant Alliance for Gold and Reputation.

The Ghost Captain Ship will always drop 4 Skulls of the Damned and 1 Captain Skull of the Damned. These Skulls are valuable to the Order of Souls who reward Crews with Gold and Reputation in return.

Emissary Mechanics
Any Crews sailing as Order of Souls Emissaries will receive Emissary Grade Reputation for sinking the Ghost Captain Ship and claiming and returning the Ghostly Bounty Skulls to their Ship.

Trivia

 * These Quests are also marked as Bounty Parchments in-game.