Sort of but not really. For instance a pirate ship might plunder a. merchant ship full of silk and calico and a tiny bit of gold and silver. They’d share the gold and silver, according to the articles, ie the rules of the ship. (Which were pretty strict at times, like boy’s boarding school strict.)

Then they’d sail into a favourable port, a pirate haven, like Port Royal. Sell the silk and calico, share the profit with the crew, then prolly spend some of it while the boat resupplies and then cast off to find another ship to raid.