The treaty declared peace between Lubeck and the German Confederation with England, restoring the Hanseatic privileges in the Port of London.
In Riga the Latvians opposed the Treaty of Utrecht, attempting to use the leaguers to prevent English trade competition with the continent.
While the Merchant Adventurers were excluded from the Baltic, because they had lost the 1468–1474 war, they remained prepared for negotiation to restore access to the Low countries.
[2][3] The treaty, negotiated by Lübeck's mayor Hinrich Castorp, granted the league threatened privileges they deemed a success.
[6] The Hansa was guaranteed access to the ports of Hull, Lynn, and Boston and a claim on customs dues to the sum of £10,000 per annum.