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Maritime sides may have an Admiralty, composed of Admirals and tasked with setting military policy and strategic goals. They may also manage a side's espionage. A ruler may delegate responsibility to the Admiralty. It's unknown what relation a Chief Warlord has with this council.
When faced with a string of damaging losses, Seaworld's admiralty decided to stop popping a steady stream of admirals and Captains in favor of Ships. They also decided the crew composition of the ships, notably putting the non-Seafarer Duke Joseph Forecastle as first mate of the Hubris Unsinkable II.
A side's admiralty may call and comprise part of a War Council to deal with especially difficult situations.