The EIC Board of Governors in London vetoed the idea and Nancy became an express packet ship.

Warren Hastings, Governor-General of Bengal wanted to create a small navy at Calcutta like the EIC's Bombay Marine, in order to combat pirates and French privateers.

[5] Hardy's information agrees that Nancy left Cork on 19 January 1783 bound for Bengal and under the command of Captain Haldane.

[4] Nancy struck the Gilstone in the Western Rocks and sank in deeper water near Rosevear Ledges.

[6][7][8] In 2008 the Islands Maritime Archaeological Group (IMAG) fortuitously found what they believe is the wreck site, east of the Rosevear Ledges.