Set in Dubrovnik, this drama chronicles a friendship between three men, that began just before World War II. One of the men is of Italian origin, another is the wealthy heir of a shipping fortune, and the third is the son of a Jewish antique-store owner. Before the war, they are fast friends, enjoying one another's company at carnivals and at a private fencing club. However, when the war comes, the Italians and Germans move in to create the Independent State of Croatia. The Italian friend becomes a fascist and courts and marries the sister of his rich friend. Soon enough, atrocities are being committed, and anyone suspected of Jewish or Serbian parentage or anti-fascist leanings, is killed.
A small coastal town, where almost everybody are into fishing. Niko and Mato are friends, both in loved with the same girl Visnja, in charge of the fishermen's strike against the owners of the fishing boats. After being caught, Mato betrays his friends. Thus he becomes the subject of scorn both by the entire village and Visnja, who then marries Niko.