The frigate is the fastest, biggest and slowest turning boat in the game. This boat is perfect for raids, but puts a huge target on your back because people who aren't raiders usually make smaller boats so as to not be seen. If you're willing to put the time in to make this behemoth, make sure you've got either a crew to defend it or a bucket to put out fires and a good sword to kill enemies.
This ship is the best possible ship for a trade, but it is recommended to have a team to guard it. However, this can prove very hard since frigates are easily burnable, since there are many parts that hold it together made of wood.
Many try to steal the Frigate, so many prefer the Schooner.