Well, I guess I'll have to answer my own question.
I emailed Sarah at Seal Carrier in Denmark and she was very helpful in answering my question (http://www.christmasseal.dk/english/site.html)
November 1st is a holiday in the Faroe Islands. They remember dead sailors.
Publisher: Disabled Fishermen's Fund.
The profits from the sale of the seals go to the Seamen's Widows / Disabled Fishermen's Fund. The seals are knows from 1979 to 1987, but may have be published from 1974 to 1978.