The Lumbridge Lady is a ship bought by players during the Dragon Slayer quest to travel to the island of Crandor. The ship costs 2000 coins from Klarense in Port Sarim, but can only be captained by Ned.
The Hole inside the ship must be repaired with 12 nails, 3 planks and a hammer.
When the ship arrives in Crandor, it is further damaged, resulting in the player and Ned being stranded on the island - unless the player happens to find a secret passageway to Karamja...
Lumbridge Lady can be boarded to repair the hole inside.