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Hope was registered on 18 October 1802. At that time her owner (and builder) Andrew Thompson generally employed her on the Hawkesbury. On 28 February 1804 she was described as operating in the Bass Strait. Thompson died on 22 October 1810.
At the time of Hopes loss in 1817 her owner was Solomon Wiseman.
The crew of two, Benjamin Waterhouse (previously mate of), and James Cohen dropped anchor and rowed ashore to prospect for cedar. They did not return to their ship, and the presumption was that aborigines had murdered them. The ship was subsequently blown ashore and wrecked.