Elizabeth stands at the helm of her ship The Empress, the new Pirate Lord of the South China Sea and King of the Brethren Court. She smiles and gives orders to her crew to make sail, only ten more years she thinks to herself. Ten more years until she'll see her husband again.
Only a short time had passed since the battle had taken place yet she had already assumed the role of captain and earned the loyalty of her crew. She plays with the key that hangs round her neck for a moment, looking out at the ocean before returning to her cabin to chart their coarse.
((So jumping ahead to after the third movie, Elizabeth is married to Will, who is now captain of the Flying Dutchman and must wait ten years to see him again, its a sore subject and she doesn't like to talk about it. Which means totally ask her anyway. Figured it was a much better thing to do than make excuses for him not being there.))