Royal Sovereign

The Royal Sovereign was one of five legendary ships, encountered by the pirate Edward Kenway in the Caribbean, during the 18th century. She was the sister ship of the HMS Fearless; both were identical save for the reversed coloring of their sails and hull. They could be found sailing beyond the Bahamas, on the edge of the Atlantic Ocean.
The pair became notorious for sailing in tandem and for their tactics in naval warfare. They could flank an enemy ship, surrounding her from both sides, and firing upon her with devastating power. If either Fearless or Royal Sovereign was sunk, the other one would set herself alight and use her manoeuvrability to viciously ram the opposing ship.
Despite their tandem battle strategies and impressive firepower, both ships were eventually sunk by Kenway's Jackdaw.
Infinite Money Exploit
There is currently an exploit in the game where if you sink one of the ships and loot the money, then allow the other ship to kill you, you will reload whilst retaining the 10,000 Reales. Both ships will still have their respective 10,000 Reales, and this can be done an infinite number of times.
Gallery
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Concept art by Max Qin
Reference