She made one voyage between 1795 and 1797 for the British East India Company (EIC), to New South Wales and then Bengal.

She was primarily carrying stores for Port Jackson, but she was also transporting one convict, Joseph Gerrald, a political reformer and one of the "Scottish Martyrs".

On 30 May the country ship Begum Shaw, Gavin (or Guy) Hamilton master and owner, arrived at Calcutta from Coringa.

They renamed her Sydney Cove, loaded her with a variety of produce and goods, and sent her to Port Jackson on speculation.

[10] There is a report that Sovereign, Captain Richarson, was wrecked on 24 January 1804 at Ballycotton, County Cork, with heavy loss of life.

Sovereign, of 362 tons (bm), launched at Shields in 1793, is no longer listed in Lloyd's Register in 1814.

However, the Register of Shipping shows a Sovereign, A. Smith, master, Dick & Co. owners, and trade London-St Croix.