During the late 13th century, tensions in the Mediterranean reached a peak largely due to the ambitions of the Republic of Venice and challenges faced by the Byzantine Empire. The conflict stemmed from Venice's desire to expand its commercial influence, culminating in hostilities by the end of the 13th century. Following the Fourth Crusade, Venice had gained significant territory and influence in Byzantine lands, particularly in the Aegean Sea and around Constantinople. As trade routes became increasingly contested, both sides found themselves embroiled in a series of confrontations that threatened their economic interests and political authority.

By 1302, the ongoing strife necessitated negotiations, leading to a peace agreement that called for a cessation of hostilities. The truce was aimed at restoring trade and ensuring mutual protection against external threats, particularly from the rising Ottoman Empire. This was a strategic moment for both empires, as Venice sought to secure its maritime routes while the Byzantines aimed to safeguard their fragmented territories. The discussions highlight the importance of diplomacy in resolving conflicts, even amidst deeply entrenched animosities and national interests.

The conclusion of the Byzantine-Venetian War with a treaty was not just a cessation of military actions but also signified a recognition of the interdependence of both powers. The agreement allowed Venice to consolidate its economic power while providing the Byzantine Empire a temporary respite to govern its lands without the threat of immediate military engagement. The truce thus functioned as a critical juncture for future interactions between these two historically significant entities in the Mediterranean basin.