The two most significant terms of the treaty were the banning of pelagic seal hunting and the granting of jurisdiction to the United States in managing on-shore hunts. In exchange for granting jurisdiction to the United States, the other signatories to the treaties were guaranteed payments and/or minimum takes of seal furs while the treaty remained in effect, subject to certain conditions.
The treaty also provided an exemption to aboriginal tribes which hunted seals using traditional methods and for non-commercial purposes including food and shelter. Aboriginal tribes specifically mentioned in the treaty include the Aleut and Aino (Ainu) peoples.