The term became current in English in the 16th century, along with the first English merchant adventurers in the region; English ships appeared in the Mediterranean in the 1570s, and the English merchant company signed its agreement ("capitulations") with the Ottoman Sultan in 1579. The English Levant Company was founded in 1581 to trade with the Ottoman Empire, and in 1670 the French Compagnie du Levant was founded for the same purpose. At this time, the Far East was known as the "Upper Levant".