Another interesting article about an order I have never heard of. Thank you!
However, is there a couple of places in your description that say Knot but should have said Ship?
"However, the Order of the Knot was destined to have a short existence, similar to the Order of the Knot and the Order of St. George in Hungary."
"These original statutes were probably richly illustrated, including depictions of the Order of the Knot. The surviving copies themselves indicate that they are compiled from individual articles of the statutes of the Order of the Knot and the Hungarian Order of St. George..."
As a sidenote: Maybe this order was short lived, because the insignia kept getting entangled in one's clothes...