{"filing": {"accession": "0001493152-26-017832", "cik": "0001914805", "ticker": "BANL", "company_name": "CBL International Ltd", "form_type": "20-F", "filing_type": "20-F", "filing_date": "2026-04-17", "accepted_datetime": null, "acceptance_datetime": null, "accepted_at": null, "primary_doc_url": "https://www.sec.gov/Archives/edgar/data/1914805/000149315226017832/0001493152-26-017832-index.htm", "filing_url": "https://www.sec.gov/Archives/edgar/data/1914805/000149315226017832/0001493152-26-017832-index.htm", "period_of_report": "2025-12-31"}, "html_url": "/api/filings/000149315226017832/stream", "exhibits": [], "sections": [{"section_name": "part_3", "section_title": "Part III", "start_position": 7274, "end_position": 318978}], "tables": [{"table_index": 4, "table_type": "text", "caption": null, "header_text": "Title\n of each classTrading\n Symbol(s)Name\n of each exchange on which registered"}, {"table_index": 5, "table_type": "text", "caption": null, "header_text": "Large\n accelerated filer\u2610Accelerated\n filer\u2610"}, {"table_index": 8, "table_type": "exhibit_index", "caption": null, "header_text": "Page"}, {"table_index": 10, "table_type": "text", "caption": null, "header_text": "\u25cf\u201cBanle\n BVI\u201d are to Banle International Group Limited, a company incorporated in the BVI with limited liability on July 2, 2020, and\n our direct wholly-owned subsidiary;"}, {"table_index": 12, "table_type": "financial", "caption": null, "header_text": "\u25cfour\n goal and strategies;"}, {"table_index": 23, "table_type": "text", "caption": null, "header_text": "\u25cftrade\n protection measures which would increase our costs or prevent us from continuing certain of our operations;"}, {"table_index": 25, "table_type": "financial", "caption": null, "header_text": "\u25cfDelay\n or impede our development,"}, {"table_index": 29, "table_type": "text", "caption": null, "header_text": "\u25cfa\n limited availability of market quotations for our securities;"}, {"table_index": 31, "table_type": "text", "caption": null, "header_text": "\u25cfregulatory\n developments affecting us or our industry;"}, {"table_index": 33, "table_type": "text", "caption": null, "header_text": "\u25cfthe\n sections of the Exchange Act that regulate the solicitation of proxies, consents or authorizations in respect of a security registered\n under the Exchange Act;"}, {"table_index": 36, "table_type": "financial", "caption": null, "header_text": "\u25cfthe\n last day of the fiscal year during which we have total annual gross revenues of $1.07 billion or more;"}, {"table_index": 38, "table_type": "text", "caption": null, "header_text": "\u25cfrecognize\n or enforce judgments of U.S. courts obtained against us or our directors or officers predicated upon the civil liability provisions\n of the U.S. federal securities laws or securities laws "}, {"table_index": 43, "table_type": "text", "caption": null, "header_text": "For the years ended December 31,"}, {"table_index": 45, "table_type": "text", "caption": null, "header_text": "\u25cfestablished\n relationships with stakeholders: in light of the voyage characteristics of vessels traveling across multiple ports, bunkering facilitators\n are required to establish their regional prese"}, {"table_index": 50, "table_type": "financial", "caption": null, "header_text": "1.THE\n LAWS AND REGULATIONS OF MALAYSIA"}, {"table_index": 51, "table_type": "exhibit_index", "caption": null, "header_text": "2.THE\n LAWS AND REGULATIONS OF HONG KONG"}, {"table_index": 53, "table_type": "text", "caption": null, "header_text": "(1)CBL\n (Asia) Limited is a limited liability company incorporated in Hong Kong which is owned as to 51% by Dr. Teck Lim Chia, our Chairman\n and Chief Executive Officer, 44% by Dr. Xiaoling Lu and 5% "}, {"table_index": 54, "table_type": "text", "caption": null, "header_text": "Property\n AddressUse\n of the propertyTerm"}, {"table_index": 62, "table_type": "financial", "caption": null, "header_text": "For the Years Ended December 31,"}, {"table_index": 65, "table_type": "text", "caption": null, "header_text": "CurrentNon-currentTotal"}, {"table_index": 66, "table_type": "text", "caption": null, "header_text": "For the Years Ended December 31,"}, {"table_index": 68, "table_type": "financial", "caption": null, "header_text": "a)The\n change in accounts receivable was approximately $2,338,000 net cash outflow for the year ended December 31, 2025 as compared to approximately\n $11,554,000 net cash outflow for the year ended De"}, {"table_index": 69, "table_type": "financial", "caption": null, "header_text": "20252024"}, {"table_index": 71, "table_type": "financial", "caption": null, "header_text": "a)The\n accounts receivable increased by $2,338,000 during the year ended December 31, 2025, mainly attributable to higher average collection\n period in current year as compared to preceding year."}, {"table_index": 74, "table_type": "text", "caption": null, "header_text": "Directors\n and SeniorManagementAgePositionDirectorSinceTerm\nExpires inthe AnnualMeeting held inthe YearDirectorClass"}, {"table_index": 78, "table_type": "text", "caption": null, "header_text": "Part\n I: Gender IdentityFemaleMaleNon-BinaryDid\n Not Disclose Gender"}, {"table_index": 80, "table_type": "text", "caption": null, "header_text": "\u25cfClass\n I: Mr. He"}, {"table_index": 82, "table_type": "text", "caption": null, "header_text": "Name\n of DirectorNumber\n of Meetings attended"}, {"table_index": 84, "table_type": "text", "caption": null, "header_text": "\u25cfappointing\n or replacing the independent registered public accounting firm; determining the compensation and oversight of the work of the independent\n registered public accounting firm for the purpos"}, {"table_index": 86, "table_type": "text", "caption": null, "header_text": "Name\n of DirectorNumber\n of Meetings attended"}, {"table_index": 87, "table_type": "text", "caption": null, "header_text": "\u25cfestablishing,\n reviewing and approving the overall executive compensation philosophy and policies of the Company, including the establishment that\n supports and reinforces the Company\u2019s long-term str"}, {"table_index": 89, "table_type": "text", "caption": null, "header_text": "Name\n of DirectorNumber\n of Meetings attended"}, {"table_index": 90, "table_type": "text", "caption": null, "header_text": "\u25cfdeveloping\n the criteria and qualifications for membership on the Board;"}, {"table_index": 92, "table_type": "text", "caption": null, "header_text": "Name\n of DirectorNumber\n of Meetings attended"}, {"table_index": 93, "table_type": "text", "caption": null, "header_text": "\u25cfExemption\n from filing quarterly reports on Form 10-Q, from filing proxy solicitation materials on Schedule 14A or 14C in connection with annual\n or special meetings of shareholders, or from providin"}, {"table_index": 95, "table_type": "text", "caption": null, "header_text": "\u25cfconvening\n shareholders\u2019 annual and extraordinary general meetings and reporting its work to shareholders at such meetings;"}, {"table_index": 96, "table_type": "text", "caption": null, "header_text": "\u25cfappointing\n officers and determining the term of office of the officers;"}, {"table_index": 97, "table_type": "text", "caption": null, "header_text": "Hong\n KongMalaysiaSingaporeSouth\n KoreaChina"}, {"table_index": 99, "table_type": "text", "caption": null, "header_text": "Ordinary Shares Beneficially OwnedPercentage ofTotal Voting"}, {"table_index": 100, "table_type": "text", "caption": null, "header_text": "*Represents\n the voting power with respect to all of our Class A Ordinary Shares and Class B Ordinary Shares, voting as a single class. Each holder\n of Class A Ordinary Shares is entitled to ten votes"}, {"table_index": 115, "table_type": "financial", "caption": null, "header_text": "1.an\n individual citizen or resident of the U.S.;"}, {"table_index": 117, "table_type": "text", "caption": null, "header_text": "1.financial\n institutions or financial services entities;"}, {"table_index": 119, "table_type": "financial", "caption": null, "header_text": "1.We\n are not a PFIC, as discussed below, for either the taxable year in which the dividend was paid or the preceding taxable year; and"}, {"table_index": 121, "table_type": "text", "caption": null, "header_text": "1.any\n gain recognized by the U.S. Holder on the sale or other disposition of its ordinary shares; and"}, {"table_index": 122, "table_type": "financial", "caption": null, "header_text": "1.the\n U.S. Holder\u2019s gain or excess distribution will be allocated ratably over the U.S. Holder\u2019s holding period for the ordinary\n shares;"}, {"table_index": 125, "table_type": "text", "caption": null, "header_text": "1.fails\n to provide an accurate taxpayer identification number;"}, {"table_index": 134, "table_type": "financial", "caption": null, "header_text": "\u25cfpertain\n to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the\n assets of the Company;"}, {"table_index": 139, "table_type": "text", "caption": null, "header_text": "Year Ended December 31,"}, {"table_index": 143, "table_type": "text", "caption": null, "header_text": "PeriodTotal Number of Shares PurchasedAverage Price Paid Per Share (US$)Total Number of Shares Purchased as Part of the Publicly Announced ProgramApproximate Dollar Value of Shares that May Yet Be Pur"}, {"table_index": 155, "table_type": "exhibit_index", "caption": null, "header_text": "Exhibit\n No.Description\n of Exhibit"}, {"table_index": 158, "table_type": "text", "caption": null, "header_text": "CBL\n International Limited"}, 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