Game crashes in sailing co-op "Pull it together"

I have an issue with the game crashing every time I’m doing the sailing co-op “Pull it together” where you hit Q to pull up a chest. The moment I press Q the game freezes before the video animation of the chest being pulled up shows.

I have tried using windowed mode and full screen and also tried re-installing the game and verifying game files but nothing seems to work.

From searching I’ve found couple of others with the same issue.