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Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online.A privateer was a private warship authorized by a country''s government by letters of marque to attack foreign shipping. Strictly, a privateer was only entitled by its state to attack and rob enemy vessels during wartime. Privateers were part of naval warfare of some nations from the 16th to the 19th century. The crew of a privateer might be treated as prisoners of war by the enemy country if captured. The costs of commissioning privateers was borne by investors hoping to gain a significant return from prize money earned from enemy merchants. It has been argued that privateering was a less destructive and wasteful form of warfare, because the goal was to capture ships rather than to sink them. From a 21st century point of view, privateering was a form of state-sanctioned piracy.