# EDGAR Filing Document

**Accession Number:** 0001914805
**File Stem:** 0001493152-23-006083
**Filing Date:** 2023-2
**Character Count:** 22419
**Document Hash:** e24fd48f9ba0f2c9f74e2ee01ea4ddd3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001493152-23-006083.hdr.sgml**: 20230227

**ACCESSION NUMBER**: 0001493152-23-006083

**CONFORMED SUBMISSION TYPE**: F-1/A

**PUBLIC DOCUMENT COUNT**: 5

**FILED AS OF DATE**: 20230227

**DATE AS OF CHANGE**: 20230227

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CBL International Ltd
- **CENTRAL INDEX KEY:** 0001914805
- **STANDARD INDUSTRIAL CLASSIFICATION:** WHOLESALE-PETROLEUM & PETROLEUM PRODUCTS (NO BULK STATIONS) [5172]
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** F-1/A
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-267077
- **FILM NUMBER:** 23672861

**BUSINESS ADDRESS:**
- **STREET 1:** RM 3701B, 37/F, SKYLINE TOWER
- **STREET 2:** 39 WANG KWONG ROAD
- **CITY:** KOWLOON BAY
- **STATE:** K3
- **ZIP:** 0000
- **BUSINESS PHONE:** (852) 2882 9280

**MAIL ADDRESS:**
- **STREET 1:** RM 3701B, 37/F, SKYLINE TOWER
- **STREET 2:** 39 WANG KWONG ROAD
- **CITY:** KOWLOON BAY
- **STATE:** K3
- **ZIP:** 0000

**As filed with the United States Securities and Exchange Commission on February 27, 2023.** 

**Registration No. 333-267077** 

**UNITED STATES**

**SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**FORM F-1**

**(Amendment No. 9)**

**REGISTRATION STATEMENT**

***UNDER***

***THE SECURITIES ACT OF 1933***

**CBL International Limited**

**(Exact name of Registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Cayman Islands** | **5172** | **Not Applicable** |
| **(State or Other Jurisdiction of**<br> **Incorporation or Organization)** | **(Primary Standard Industrial**<br> **Classification Code Number)** | **(I.R.S. Employer**<br> **Identification Number)** |

---

**Suite 19-9-6, Level 9, UOA Centre**

**No. 19 Jalan Pinang**

**50450 Kuala Lumpur**

**Malaysia**

**Tel: 60-3-2703-2966<br> (Address and Telephone Number of Registrant's Principal Executive Offices)**

**Cogency Global Inc.**

**122 East 42nd Street, 18th Floor**

**New York, NY 10168**

**Tel: (212) 947-7200**

**(Name, address and telephone number of agent for service)**

***Copies to:***

---

| | |
|:---|:---|
| **Lawrence S. Venick, Esq.**<br> **Loeb & Loeb LLP**<br> **2206-19 Jardine House**<br> **1 Connaught Place**<br> **Central**<br> **Hong Kong SAR**<br> **852-3923-1111** | <br>**Mark E. Crone, Esq.**<br> **The Crone Law Group, P.C.**<br> **500 Fifth Avenue, Suite 928**<br> **New York, New York 10110**<br> **(860) 202-6845**<br>|

---

**Approximate date of commencement of proposed sale to the public:**

**As soon as practicable after the effective date of this registration statement.**

If any of the securities being registered on this form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, check the following box. ☐

If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

If this Form is a post-effective amendment filed pursuant to Rule 462(d) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933.

Emerging growth company ☒

If an emerging growth company that prepares its financial statements in accordance with U.S. GAAP, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards† provided pursuant to Section 7(a)(2)(B) of the Securities Act. ☐

† The
 term "new or revised financial accounting standard" refers to any update issued by the Financial Accounting Standards
 Board to its Accounting Standards Codification after April 5, 2012.

------

**The Registrant hereby amends this registration statement on such date or dates as may be necessary to delay its effective date until the Registrant shall file a further amendment which specifically states that this registration statement shall thereafter become effective in accordance with Section 8(a) of the Securities Act of 1933, as amended, or until the registration statement shall become effective on such date as the Securities and Exchange Commission, acting pursuant to such Section 8(a), may determine.**

**EXPLANATORY NOTE**

This Amendment No. 9 is being filed solely for the purpose of filing certain updated exhibits to this registration statement on Form F-1, or the Registration Statement, and to amend and restate the exhibit index set forth in Part II of the Registration Statement. No changes have been made to the Registration Statement other than this explanatory note as well as revised versions of the cover page, filing status of such exhibit, and exhibit index of the Registration Statement. This Amendment No. 9 does not contain copies of the prospectus included in the Registration Statement, which remains unchanged from Amendment No. 8 to the Registration Statement, filed on December 19, 2022.

**PART II**

**INFORMATION NOT REQUIRED IN PROSPECTUS**

**Item 6. *Indemnification of Directors and Officers***

Cayman Islands law does not limit the extent to which a company's articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against civil fraud or the consequences of committing a crime.

Under our post-offering memorandum and articles of association, which will become effective immediately prior to the completion of this offering, to the fullest extent permissible under Cayman Islands law every director and officer of our Company shall be indemnified against all actions, proceedings, costs, charges, expenses, losses, damages or liabilities incurred or sustained by him in connection with the execution or discharge of his duties, powers, authorities or discretions as a director or officer of our Company, including without prejudice to the generality of the foregoing, any costs, expenses, losses or liabilities incurred by him in defending (whether successfully or otherwise) any civil proceedings concerning our Company or its affairs in any court whether in the Cayman Islands or elsewhere.

Under the form of indemnification agreements filed as Exhibit 10.1 to this registration statement, we agree to indemnify our directors and executive officers against certain liabilities and expenses incurred by such persons in connection with claims made by reason of their being such a director or executive officer.

The form of underwriting agreement to be filed as Exhibit 1.1 to this registration statement will also provide for indemnification of us and our officers and directors.

Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers or persons controlling us under the foregoing provisions, we have been informed that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

**Item 7. *Recent Sales of Unregistered Securities***

Upon our incorporation on February 8, 2022, we issued 1 and 49,999 ordinary shares to a subscriber and Mr. Teck Lim Chia, our Chairman and Chief Executive Officer, respectively, for a consideration of $0.01 and $499.99, respectively. The 1 subscriber share was subsequently transferred to Mr. Chia on the same day.

In August 2022, in connection with the Reorganization described in the accompanying prospectus and our initial public offering, CBL International Limited issued a total of 21,250,000 ordinary shares. The issuances of such ordinary shares described above were made in reliance on the exemption contained in Section 4(a)(2) of the Securities Act and Rule 506 promulgated thereunder, on the basis that the transaction did not involve a public offering. No underwriters were involved in the transaction. Upon completion of the Reorganization, the shares previously owned by Mr. Chia were forfeiter and cancelled for no consideration.

**Item 8. *Exhibits and Financial Statement Schedules***

(a) ***Exhibits***

See Exhibit Index beginning on page II-2 of this Registration Statement.

(b) ***Financial Statement Schedules.***

All supplement schedules are omitted because of the absence of conditions under which they are required or because the information is shown in the financial statements or notes thereto.

**Item 9. *Undertakings***

The undersigned registrant hereby undertakes to provide to the underwriters at the closing specified in the underwriting agreements, certificates in such denominations and registered in such names as required by the underwriters to permit prompt delivery to each purchaser. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant under the provisions described in Item 6, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

The undersigned registrant hereby undertakes that:

&nbsp;&nbsp;&nbsp;&nbsp;(1) For
 purposes of determining any liability under the Securities Act, the information omitted from the form of prospectus filed as part
 of this registration statement in reliance upon Rule 430A and contained in a form of prospectus filed by the registrant under Rule
 424(b)(1) or (4) or 497(h) under the Securities Act shall be deemed to be part of this registration statement as of the time it was
 declared effective.

(2) For
 the purpose of determining any liability under the Securities Act, each post-effective amendment that contains a form of prospectus
 shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities
 at that time shall be deemed to be the initial bona fide offering thereof.

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description of Exhibit** |
| 1.1 \* | [Form of Underwriting Agreement](https://www.sec.gov/Archives/edgar/data/1914805/000149315222035925/ex1-1.htm) |
| 2.1\* | [Sale and Purchase Agreement between the Registrant, Banle BVI and the shareholders of Banle BVI dated August 16, 2022](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex2-1.htm) |
| 3.1\* | [Memorandum and Articles of Association of the Registrant](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex3-1.htm) |
| 3.2\* | [Amended and Restated Memorandum of Association of the Registrant, as currently in effect](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex3-2.htm) |
| 3.3\* | [Form of Second Amended and Restated Memorandum of Association of the Registrant, as effective immediately prior to the completion of this offering](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex3-3.htm) |
| 3.4\* | [Form of Amended and Restated Articles of Association of the Registrant, as effective immediately prior to the completion of this offering](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex3-4.htm) |
| 4.1\* | [Specimen of Ordinary Share Certificate](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex4-1.htm) |
| 5.1 \* | [Opinion of Ogier regarding the validity of the ordinary shares being registered](https://www.sec.gov/Archives/edgar/data/1914805/000149315222035925/ex5-1.htm) |
| 10.1\* | [Form of Agreement with the Registrant's directors](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex10-1.htm) |
| 10.2\* | [Form of Employment Agreement between the Registrant and its executive officers](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex10-2.htm) |
| 10.3\* | [Form of Agreement with the Registrant's independent directors](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex10-3.htm) |
| 21.1\* | [Subsidiaries of Registrant](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex21-1.htm) |
| 23.1 | [Consent of Wei, Wei & Co., LLP](ex23-1.htm) |
| 23.2 \* | [Consent of Ogier (included in Exhibit 5.1)](https://www.sec.gov/Archives/edgar/data/1914805/000149315222035925/ex5-1.htm) |
| 24.1 | [Powers of Attorney (included on the signature page in Part II of this Registration Statement)](#poa_001) |
| 99.1\* | [Code of Business Conduct and Ethics of the Registrant](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-1.htm) |
| 99.2\* | [Audit Committee Charter](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-2.htm) |
| 99.3\* | [Compensation Committee Charter](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-3.htm) |
| 99.4\* | [Nomination Committee Charter](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-4.htm) |
| 99.5\* | [Opinion of Zhong Lun Law Firm regarding certain PRC legal matters](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-5.htm) |
| 99.6\* | [Consent of Frost & Sullivan](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-6.htm) |
| 99.7\* | [Consent of Ramasamy Logeswaran](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-7.htm) |
| 99.8\* | [Consent of Dato' Sri Kam Choy Ho](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-8.htm) |
| 99.9\* | [Consent of Ulf Lothar Naujeck](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-9.htm) |
| 99.10\* | [Consent of Karen Yee Lynn Cheah](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-10.htm) |
| 99.11\* | [Consent of Koon Liang Ong](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-11.htm) |
| 99.12\* | [Consent of Khai Fei Wong](https://www.sec.gov/Archives/edgar/data/1914805/000149315222024103/ex99-12.htm) |
| 99.13 | [Registrant's Representation under Item 8.A.4 of Form 20-F](ex99-13.htm) |
| 107 \* | [Calculation of Filing Fee Table](https://www.sec.gov/Archives/edgar/data/1914805/000149315222035925/ex107.htm) |

---

\* Previously filed.

**SIGNATURES**

Pursuant to the requirements of the Securities Act of 1933, as amended, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form F-1 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in Hong Kong, on February 27, 2023.

---

| | |
|:---|:---|
| CBL INTERNATIONAL LIMITED | CBL INTERNATIONAL LIMITED |
| By: | */s/ Teck Lim CHIA* |
| Name: | Teck Lim CHIA |
| Title: | Chief Executive Officer |

---

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below does hereby constitute and appoint Teck Lim CHIA as his or her true and lawful attorney-in-fact and agents, with full power of substitution and re-substitution, for him or her and in his or her name, place and stead, in any and all capacities, to sign any and all amendments (including post-effective amendments) to this Registration Statement and sign any registration statement for the same offering covered by this Registration Statement that is to be effective upon filing pursuant to Rule 462(b) promulgated under the Securities Act of 1933, as amended, and all post-effective amendments thereto and to file the same, with all exhibits thereto, and other documents in connection therewith, with the Securities and Exchange Commission, granting unto said attorney-in-fact and agents, and each of them, full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith and about the premises, as fully to all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney-in-fact and agents, or his or her substitutes or substitutes, may lawfully do or cause to be done by virtue hereof. Pursuant to the requirements of the Securities Act of 1933, as amended, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.

---

| | | |
|:---|:---|:---|
| **Signature** | **Capacity** | **Date** |
| */s/ Teck Lim CHIA* | Chief Executive Officer and Executive Director | February 27, 2023 |
| Teck Lim CHIA | (principal executive officer) |  |
| */s/ Sing Chung Raymond CHIU* | Chief Financial Officer | February 27, 2023 |
| Sing Chung Raymond CHIU | (principal financial and accounting officer) |  |

---

**SIGNATURE OF AUTHORIZED REPRESENTATIVE IN THE UNITED STATES**

Pursuant to the Securities Act of 1933, as amended, the undersigned, the duly authorized representative in the United States of CBL International Limited has signed this registration statement or amendment thereto in City of New York on February 27, 2023.

---

| | |
|:---|:---|
| **Authorized U.S. Representative** | **Authorized U.S. Representative** |
| Cogency Global Inc. | Cogency Global Inc. |
| By: | */s/ Colleen A. De Vries* |
| Name: | Colleen A. De Vries |
| Title: | Senior Vice President on behalf of Cogency Global Inc. |

---

## Exhibit 23.1

**Exhibit 23.1**

![](ex23-1_002.jpg)

![](ex23-1_001.jpg)

**CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

We hereby consent to the use in this Registration Statement on Form F-1 of CBL International Limited of our report dated March 31, 2022, relating to the consolidated financial statements of Banle International Group Limited and Subsidiaries for the years ended December 31, 2021 and 2020, which appear in this Registration Statement.

We also consent to the reference to us under the heading "Experts" in such Registration Statement.

/s/ Wei, Wei & Co., LLP

Flushing, New York

February 27, 2023

## Exhibit 99.13

**Exhibit 99.13**

**CBL International Limited**

Suite 19-9-6, Level 9, UOA Centre

No. 19 Jalan Pinang

50450 Kuala Lumpur

Malaysia

February 27, 2023

**<u>VIA EDGAR</u>**

Division of Corporation Finance

Office of Trade & Services

U.S. Securities & Exchange Commission

100 F Street, NE

Washington, D.C. 20549

---

| | |
|:---|:---|
| **Re:** | **CBL International Limited**<br> **Registration Statement on Form F-1**  |
|  | **File No. 333-267077** |
|  | **Representation under Item 8.A.4 of Form 20-F** |

---

Ladies and Gentlemen:

The undersigned, CBL International Limited, a company incorporated under the laws of the Cayman Islands (the "Company"), is submitting this letter via EDGAR to the Securities and Exchange Commission (the "Commission") in connection with the Company's filing of the above-referenced registration statement on Form F-1 (the "Registration Statement") relating to the Company's proposed initial public offering of its ordinary shares.

The Company has included in the Registration Statement its audited consolidated financial statements, prepared in accordance with accounting principles generally accepted in the United States of America, as of December 31, 2021 and 2020 and for each of the two years ended December 31, 2021 and 2020 and unaudited interim condensed consolidated financial statements as of June 30, 2022 and for each of the six-month periods ended June 30, 2022 and 2021.

Item 8. A.4 of Form 20-F requires that in the case of a company's initial public offering, the audited financial statements shall be as of a date not older than 12 months at the time the document is filed. The Company is submitting this letter pursuant to Instruction 2 to Item 8.A.4 of Form 20-F, which provides that "*[a] company may comply with only the 15-month requirement in this item if the company is able to represent that it is not required to comply with the 12-month requirement in any other jurisdiction outside the United States and that complying with the 12-month requirement is impracticable or involves undue hardship.*"

The Company hereby represents to the Commission that:

&nbsp;&nbsp;&nbsp;&nbsp;1. the
 Company is not currently a public reporting company in any jurisdiction or marketplace;

2. the
 Company is not required by any jurisdiction outside the United States to comply with a requirement to issue financial statements
 for any reason 12 months after its year end;

3. full
 compliance with Item 8.A.4 of Form 20-F at present is impracticable and involves undue hardship for the Company;

4. the
 Company does not anticipate that its audited financial statements for the year ended December 31, 2022 will be available until
 end of March 2023; and

5. in
 no event will the Company seek effectiveness of its registration statement on Form F-1 if its audited financial statements are older
 than 15 months at the time of the Company's initial public offering.

---

| | |
|:---|:---|
| Very truly yours, | Very truly yours, |
| **CBL INTERNATIONAL LIMITED** | **CBL INTERNATIONAL LIMITED** |
| By: | /s/ *Teck Lim CHIA* |
| Name: | Teck Lim CHIA |
| Title: | Chief Executive Officer |

---