An Italian noblewoman begins a well financed but mysterious pilgrimage to the legendary land of Prester John. She is accompanied by her bodyguard, a reptile-man, and along the way meets a troubador, a trickster, and a sloop captain.
Fishmen climb aboard and attack the crew. After killing one and injuring two, the fishmen finally jump overboard back into the sea.
Romanza awakens from a strange dream and talks of maelstroms, lightning, and faeries.
The characters find out that a false signal is causing ships to break apart on rocks protruding from the sea. The voyagers sail into Seawell to investigate.
While on patrol to observe the pirates, Baldrich Philch is pierced through the heart with a crossbow bolt. Loigar decides to remain with the reptile-men on the Canary Islands.
Loigar changes his mind again and leaves with the sloop. That night, the Lady of the Mists is attacked by giant crabs.
A frog-like dragon climbs the side of the boat and spits acid.
The characters defeat the acid-spitting frog.
The Lady of the Mists encounters a ship going back to Europe. One of the crew-members is keen to go back to where the Lady of the Mists is heading in order to face a dragon that he fought before.
The Mist Dragon is smaller than Antonio remembered. The dragon breathes a scalding steam but is ultimately defeated.