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The story follows a team of pirates/mercenaries known as Lagoon Company, that smuggles goods in and around the seas of Southeast Asia in the early 1990s.[5] Their base of operations is located in the fictional city of Roanapur in Thailand, and they transport goods in the 80-foot (24 m) Elco-type PT boat Black Lagoon. When on land, they move around and conduct business using Benny's 1968 Plymouth Road Runner, although in episode 24 he's seen driving a 1965 Pontiac GTO after his Roadrunner is blown up in episode 17. Lagoon Company does business with various clients, but has a particularly friendly relationship with the Russian crime syndicate Hotel Moscow. The team takes on a variety of missions—which may involve violent firefights, hand-to-hand combat, and nautical battles—in various Southeast Asian locations and when not doing much, the members of the Lagoon Company spend much of their down time at The Yellow Flag, a bar in Roanapur which is often destroyed in firefights.

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