All aboard survived despite having had to sail in a longboat for almost two weeks over 1400 miles to Saint Helena.
British ships were then free to sail to India or the Indian Ocean under a license from the EIC.
Oswin was homeward bound from India when on 27 January 1819 she sprang a leak in a gale off Cape Agulhas.
Captain Kay, the crew, and the one passenger, Lt. Nicholson of the 71st Foot, took to her longboat after provisioning it.
The longboat arrived at Saint Helena on 12 February after a voyage of over 1400 miles.