eq2 quest:X Marks the Spot  

This quest is initiated by examining "Treasure Map". This map is confirmed to drop off Fallen Pirates in the Isle of Refuge.

You must head to Rockbelly's Grave in the Isle of Refuge (west of Grimgash's Lair) and kill Captain Rockbelly. He's level 6 ^^, so you may want to bring help.

When killed he will drop a chest which contains a Salt Encrusted Cutlass and a random item from his loot pool. The Salt Encrusted Cutlass is used to initiate the Cutlass Cleaning quest (see related quests).