The Portuguese ship, captained by Sebastian Serrão, was travelling from Macau to Malacca, loaded with products from China and Japan, including 1200 bales of Chinese raw silk, worth 2.2 million guilders.
The Admiralty of Amsterdam's subsequent decision to take the ship and her cargo as a prize, despite Portugal's demands, became the casus belli for the Dutch–Portuguese War that lasted until 1663, and eventually ended the Portuguese monopoly on trade in the East Indies.
Not only was the legality of keeping the prize questionable under Dutch statute, but a faction of shareholders (mostly Mennonite) in the Company also objected to the forceful seizure on moral grounds, and of course, the Portuguese demanded the return of their cargo.
One chapter of his long theory-laden treatise entitled De Jure Prædæ made it to the press in the form of the influential pamphlet, Mare Liberum (The Free Sea).
A workable formula was found by Cornelius Bynkershoek in his De dominio maris (1702), restricting maritime dominion to the actual distance within which cannon range could effectively protect it.