It refers to the entire archipelago as Spitsbergen, which had been the only name in common usage since 1596 (with minor variations in spelling).
In 1925, five years after the conclusion of the treaty, the Norwegian authorities proceeded to officially rename the islands "Svalbard".
This new name was a modern adaptation of the ancient toponym Svalbarði, attested in the Norse sagas as early as 1194.
[15] Spitsbergen/Svalbard began as a territory free of a nation, with people from different countries participating in industries including fishing, whaling, mining, research and later, tourism.
Not belonging to any nation left Svalbard largely free of regulations or laws, though there were conflicts over the area due to whaling rights and sovereignty disputes between England, the Netherlands and Denmark–Norway in the first half of the 17th century.
This includes:[9] There has been a long-running dispute, primarily between Norway and Russia (and before it, the Soviet Union) over fishing rights in the region.
(from Article 3)"Mainly the dispute is about whether the Svalbard Treaty also is in effect outside the 12 nautical mile territorial sea," according to Norway's largest newspaper, Aftenposten.
If the treaty comes into effect outside the zone, then Norway will not be able to claim the full 78% of profits of oil- and gas harvesting, said Aftenposten in 2011.