Company: AVNI
Filing Date: 2025-07-17
Form Type: 10-K
Source: 0001713282-25-000574
Chunk: 6

Company: ARVANA INC
Filing Date: 2025-07-17
Form: 10-K
Item: Item 1
Chunk 6
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 business.

Our
facility to accept payments is all inclusive, as we are quite aware that different customers prefer different payment options such as:

  payment            

  payment    

  payment                          

  payment           

Governmental
Regulation

Our
business is subject to extensive federal, state, and local regulations in Florida.

The
captain of a saltwater fishing charter must comply with U. S. Coast Guard (“ USGC”) regulations which include holding a USGC
Captain’s License. Vessels used by a charter captain to do business must be commercially registered or have a USGC certificate
of documentation with a commercial designation and follow USGC vessel safety requirements. Vessels carrying more than six passengers
for hire must also have a Certificate of Inspection issued by the USGC. The USGC also exercises full authority over the safety and health
of crews aboard vessels that have been inspected and certified. Any safety or health complaints received by the Occupational Safety and
Health Administration (“ OSHA”) concerning crew working conditions on an inspected vessel are referred to the USGC for determination
of whether the events complained of constitute hazardous conditions. Fishing charters conducted in the Gulf of Mexico are also required
to hold Gulf of Mexico Charter/Headboat for Reef Fish, and a Gulf of Mexico Charter/Headboat for Coastal Migratory Pelagics permits issued
by the National Oceanic and Atmospheric Administration (“ NOAA”). Enforcement falls on the NOAA Office of Law Enforcement.

Florida
requires a Charter Captain or Boat Fishing License to carry paying customers for the purpose of taking, attempting to take or possessing
saltwater fish or organisms. A Florida Charter Captain license also covers customers on a charter who are not required to hold separate
recreational saltwater fishing licenses and permit the licensed captain to go from boat to boat to do business. Florida also requires
us to hold a Gulf Reef Fish Charter/Endorsement. State licenses are issued by the Florida Fish and Wildlife Conservation Commission (“ FWC”).
Our business is also subject to FWC Florida Charter for Hire Regulations and Florida Recreational Fishing Regulations. We are further
required to register as our boats as commercial vessels with the Florida Highway Safety and Motor Vehicles. Our business must also follow
certain local restrictions as to seasons, volume, and fish species subject to catch.

We
are also subject to city and county business license requirements.

Any
failure to comply with the rules and regulations that govern fishing charter businesses could result in substantial penalties. Since
such rules and regulations are frequently amended or