How Does Cs Cart Store Images?

Hi, I want to know how CS Cart handles images. Specifically things like the vendor logos, does it store the images in a directory somewhere and then store the directory, so that the system can just fetch it from there? Or does it store the images as BLOBs in the database? Is it another method?

All images are store in the file system. in the CSCART_ROOT/images directory

It contains various directories for images of different objects (products, promotions, logos, etc)