This is a 5th-year vet reward called a lighthouse. It Recovers any ship except rowboats that are linked to the lighthouse. House add-ons that currently allow you to dry dock your ship will be saved, all other items will be destroyed. The ship model can be found in the house moving crate.
This store has a UO Lighthouse Special Deals for sale.
BUY OPTION 1: Pay with a debit or credit card through the paypal website.
BUY OPTION 2: Pay with your paypal account.