Voyage of Circumnavigation: Funding and Preparation

Background: Spanish search for a westward route to Asia

The aim of Christopher Columbus' 1492–1503 voyages to the West had been to reach the Indies and to establish direct commercial relations between Spain and the Asian kingdoms. The Spanish soon realized that the lands of the Americas were not a part of Asia, but a new continent. The 1494 Treaty of Tordesillas reserved for Portugal the eastern routes that went around Africa, and Vasco da Gama and the Portuguese arrived in India in 1498. It became urgent for Spain to find a new commercial route to Asia, and after the Junta de Toro conference of 1505, the Spanish Crown set out to discover a route to the west. Spanish explorer Vasco Núñez de Balboa reached the Pacific Ocean in 1513 after crossing the Isthmus of Panama, and Juan Díaz de Solís died in Río de la Plata in 1516 while exploring South America in the service of Spain.

 Funding and preparation

In October 1517 in Seville, Magellan contacted Juan de Aranda, Factor of the Casa de Contratación. Then, following the arrival of his partner, Rui Faleiro, and with the support of Aranda, they presented their project to the Spanish king, Charles I, future Holy Roman Emperor Charles V. Magellan's project was particularly interesting, since it would open the "spice route" without damaging relations with the neighbouring Portuguese. The idea was in tune with the times. On 22 March 1518 the king named Magellan and Faleiro captains so that they could travel in search of the Spice Islands in July. He raised them to the rank of Commander of the Order of Santiago. The king granted them:

•    Monopoly of the discovered route for a period of ten years.
•    Their appointment as governors of the lands and islands found, with 5% of the resulting net gains.
•    A fifth of the gains of the travel.
•    The right to levy one thousand ducats on upcoming trips, paying only 5% on the remainder.
•    Granting of an island for each one, apart from the six richest, from which they would receive a fifteenth.

The expedition was funded largely by the Spanish Crown and provided with ships carrying supplies for two years of travel. Expert cartographer Jorge Reinel and Diogo Ribeiro, a Portuguese who had started working for Charles V in 1518 as a cartographer at the Casa de Contratación, took part in the development of the maps to be used in the travel. Several problems arose during the preparation of the trip, including lack of money, the king of Portugal trying to stop them, Magellan and other Portuguese incurring suspicion from the Spanish and the difficult nature of Faleiro. Finally, thanks to the tenacity of Magellan, the expedition was ready. Through the bishop Juan Rodríguez de Fonseca they obtained the participation of merchant Christopher de Haro, who provided a quarter of the funds and goods to barter.