Caledonia was launched in 1807 in Chester. She sailed as a letter of marque West Indiaman, trading between England and Demerara. She captured or recaptured two vessels, and repelled an attach by a US privateer in a single ship action. In 1833 she made a voyage to India, sailing under one of the last licences that the British East India Company (EIC) issued before it gave up its shipping activities. Caledonia then continued to trade with India, Africa, and Peru. She suffered a maritime incident in 1840. She was last listed in 1847 after having returned to Lima in April 1846 in a highly leaky state.