"V116", together with sister-ship , formed the 12th Torpedo-boat flotilla at the end of the First World War. While a large proportion of the Imperial German Navy, including 50 modern torpedo boats were required to be interned at Scapa Flow by the terms of the Armistice of 11 November 1918, "V116" initially remained in German hands, however, forming part of the "Eisernen Flottille", a volunteer-manned force of torpedo boats (which had their torpedo-tubes removed) used for security duties during the German Revolution of 1918–1919. On 21 June 1919, the German fleet interned at Scapa scuttled itself, and as a result, Germany was forced to hand over more warships and equipment, including "V116", to the Allies under the Treaty of Versailles to compensate for the ships scuttled at Scapa. The Allies and the United States decided to transfer 10 destroyers from the ships surrendered from the German and Austro-Hungarian to each of the French and Italian navies to replace wartime losses, with Italy choosing "V116" as part of her allocation. She was transferred to the Italian Navy on 23 May 1920 and recommissioned on 1 July 1921 under the name "Premuda", classed as an "Esploratori" ().