The ghost ship can be found by sailing south from the Isle of Torza. It is just north of the south pole land mass and to the east of the dungeon RUIN. it is not near varsarra.
Thanks for the reply. I did restart the game and found the info I missed to find the spear but strangely I can't find one of the other
relics now which I found previously. I have the spear, disc, hammer and chalice but but the fifth one is completely eluding me despite
a supposedly thorough search. I have a fully trained paladin but can't go any further without the last relic.
Dave