Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 105

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 105
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. 77 For domestic delivery, we are generally responsible for the payment of the delivery, and, pursuant to the purchase orders our customers placed to us, the risk of loss or damage of the products will not be transferred to customers until the products are received by them. However, pursuant to the delivery orders we generally place to the logistics service providers, if the products are ever damaged or lost during the delivery, we will have the contractual rights to seek reimbursement and compensation from the logistics service providers. Domestic Delivery For international ocean freight, we are generally responsible for paying the shipping costs and securing insurance for the products during the shipments. However, pursuant to the delivery orders we generally place to the international ocean freight service providers, the risk of loss or damage of the products will be transferred to the customers either when the products are loaded onto the vessel at the departure ports or when the products arrive at the ports designated by the customers. International Ocean Freight 78 We do not generally enter into long -termlogistics services agreements with specific logistic service providers. Instead, we arrange the delivery of our products by placing fixed -termdelivery orders to logistic service providers on a deal -by -dealbasis. Without being bound by long -termlogistics services agreements, we maintain operational flexibility, enabling us to select the most suitable logistics service providers based on cost, capacity, delivery timelines, and service quality for each delivery. While we do not enter into long -termlogistics services agreements with specific logistic service providers, the fixed -termdelivery orders contain all the general terms and conditions of our requirements, including warranties, reimbursements, indemnities, delivery, and certain other terms to secure our contractual rights. Delivery timelines vary depending on the destination. Domestic customers typically receive their orders within one week, while international shipments are usually fulfilled within one to three months, depending on transit time and port schedules. Our Customers Our sales agreements mainly consist of master sales agreements, purchase orders which may be governed by master sales agreements, and all other agreements with customers that can be written, oral, or implied by an entity’s customary business practices. These agreements are signed between us and the customer and come into force after signing or stamping by both parties. The agreements clearly specify each party’s rights regarding the products to be delivered, including product name, unit price, quantity or weight, delivery terms, and other details. The payment terms are specified in each agreement, including the amounts and settlement methods. For the waste papers, our customers are mostly recycled pulp mills and trading companies located in Japan