CBL International Limited (BANL) 6-K 14 Sep 23 Management’s Discussion and Analysis of Financial Condition and Results of Operations Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Document Period End Date	Jun. 30, 2023
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Entity File Number	001-41657
Entity Registrant Name	CBL INTERNATIONAL LIMITED
Entity Central Index Key	0001914805
Entity Incorporation, State or Country Code	E9
Entity Address, Address Line One	Level 23-2, Menara Permata Sapura
Entity Address, Address Line Two	Kuala Lumpur City Centre
Entity Address, City or Town	Kuala Lumpur
Entity Address, Country	MY
Entity Address, Postal Zip Code	50088
City Area Code	603
Local Phone Number	2706 8280

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)		Jun. 30, 2023	Dec. 31, 2022
Current Assets
Cash		$ 10,430,980	$ 5,032,890
Accounts receivable		30,929,095	18,446,176
Prepayments and other current assets		11,288,887	253,779
Total current assets		52,648,962	23,732,845
Property, plant and equipment, net		859,160	394,090
Right-of-use lease assets, net		279,886	341,625
Deferred offering costs			1,128,453
Total assets		53,788,008	25,597,013
Current liabilities
Accounts payable		27,716,215	12,652,514
Taxes payable		314,017	244,096
Accrued expenses and other current liabilities		143,618	125,701
Derivative liabilities		8,688	109,346
Short-term lease liabilities		126,046	124,095
Total current liabilities		28,308,584	13,255,752
Long-term lease liabilities		165,532	229,076
Total liabilities		28,474,116	13,484,828
Commitment and contingencies
Shareholders’ equity:
Ordinary shares, $0.0001 par value, 500,000,000 shares authorized, 25,000,000 shares issued and outstanding as of June 30, 2023 and 21,250,000 shares as of December 31, 2022	[1]	2,500	2,125
Additional paid-in capital		12,536,085	488,198
Retained earnings		12,775,307	11,621,862
Total shareholders’ equity		25,313,892	12,112,185
Total liabilities and shareholders’ equity		$ 53,788,008	$ 25,597,013
[1]Gives retroactive effect to reflect the reorganization in August 2022.

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Ordinary shares, par value	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	500,000,000	500,000,000
Ordinary shares, shares issued	25,000,000	21,250,000
Ordinary shares, shares outstanding	25,000,000	21,250,000

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income and Comprehensive Income (Unaudited)		6 Months Ended
		Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2023 HKD ($) shares	Jun. 30, 2022 USD ($) $ / shares shares
Income Statement [Abstract]
Revenue		$ 191,955,811		$ 235,696,705
Cost of revenue		187,949,993		231,653,262
Gross profit		4,005,818		4,043,443
Operating expenses:
Selling and distribution		601,149		517,724
General and administrative		1,909,922		1,978,613
Total operating costs and expenses		2,511,071		2,496,337
Income from operations		1,494,747		1,547,106
Other (income) expense:
Interest expense, net		116,434		119,230
Currency exchange (gain) loss		(21,818)		(14,812)
Total other expenses		94,616		104,418
Income before provision for income taxes		1,400,131		1,442,688
Provision for income taxes		246,686	$ 2,000,000	353,792
Net income		1,153,445		1,088,896
Comprehensive income		$ 1,153,445		$ 1,088,896
Basic earnings per ordinary share* | $ / shares	[1]	$ 0.05		$ 0.05
Diluted earnings per ordinary share* | $ / shares	[1]	$ 0.05		$ 0.05
Weighted average number of ordinary shares outstanding - basic | shares	[1]	25,000,000	25,000,000	21,250,000
Weighted average number of ordinary shares outstanding - dilued | shares	[1]	25,000,000	25,000,000	21,250,000
[1]Gives retroactive effect to reflect the reorganization in August 2022.

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)		Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Balance at Dec. 31, 2021		$ 2,125	$ 488,198	$ 7,936,862	$ 8,427,185
Balance, shares at Dec. 31, 2021	[1]	21,250,000
Net income				1,088,896	1,088,896
Balance at Jun. 30, 2022		$ 2,125	488,198	9,025,758	9,516,081
Balance, shares at Jun. 30, 2022	[1]	21,250,000
Balance at Dec. 31, 2022		$ 2,125	488,198	11,621,862	12,112,185
Balance, shares at Dec. 31, 2022	[1]	21,250,000
Net income				1,153,445	1,153,445
Issuance of new ordinary shares		$ 375	12,047,887		12,048,262
Issuance of new common shares, shares	[1]	3,750,000
Balance at Jun. 30, 2023		$ 2,500	$ 12,536,085	$ 12,775,307	$ 25,313,892
Balance, shares at Jun. 30, 2023	[1]	25,000,000
[1]Gives retroactive effect to reflect the reorganization in August 2022.

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash Flows from operating activities:
Net income	$ 1,153,445	$ 1,088,896
Adjustment to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	76,679	42,376
Depreciation of right-of-use assets	61,740	36,029
Change in fair value of derivatives	(100,658)	(311,277)
Changes in operating assets and liabilities
Accounts receivable	(12,482,919)	(5,170,468)
Prepayments and other current assets	(11,035,107)	683,199
Due from related parties		(271,413)
Accounts payable	15,063,701	4,351,464
Accrued expenses and other liabilities	17,919	(3,241)
Lease liabilities	(61,593)	(36,115)
Taxes payable	69,921	349,639
Net cash provided by (used in) operating activities	(7,236,872)	759,089
Cash flows from investing activities:
Purchase of property, plant and equipment	(541,750)	(7,909)
Net cash (used in) provided by investing activities	(541,750)	(7,909)
Cash flows from financing activities:
Advance from a related party		719,773
Proceeds from issuance of new ordinary shares	13,176,716
Net cash provided by financing activities	13,176,716	719,773
Net increase (decrease) in cash	5,398,094	1,470,953
Cash at the beginning of the period	5,032,890	3,035,321
Cash at the end of the year	10,430,984	4,506,274
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION:
Interest	138,086	119,270
Income taxes	$ 176,765	$ 4,210

Organization and Principal Busi

Organization and Principal Business	6 Months Ended
	Jun. 30, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Principal Business	1. Organization and Principal Business CBL International Limited (“CBL International”) was incorporated on February 8, 2022 in the Cayman Islands. CBL International is a holding company without any operations and it wholly owns Banle International Group Limited (“Banle BVI”) which was incorporated in the British Virgin Islands (collectively, the “Company”). The Company is a marine fuel logistics company providing a one-stop solution for vessel refueling in the Asia Pacific region. As a bunkering facilitator, the Company expedites vessel refueling between ship operators and local physical distributors/traders of marine fuel. The Company purchases marine fuel from its suppliers and arranges its suppliers to deliver marine fuel to its customers, principally the container liner operators. Business Reorganization and CBL International A reorganization of the Company’s legal entity structure was completed in August 2022. The reorganization involved the incorporation of CBL International in February 2022, and the acquisition of Banle BVI by CBL International in August 2022. This transaction was treated as a recapitalization of the Company under common control and the financial statements give retroactive effect to this transaction. Banle BVI was set up in July 2020 with 50,000 1.00 490,323 304,000 186,323 50,000 CBL International was incorporated in the Cayman Islands with limited liability in February 2022, by issuing and allotting 50,000 0.01 100 0.0001, 500,000,000 0.0001 50,000 5,000,000 0.0001 In August 2022, CBL (Asia) and Straits, as vendors, and CBL International, as purchaser, entered into a sale and purchase agreement, pursuant to which CBL International acquired the entire issued share capital of Banle BVI from its existing shareholders, CBL (Asia) and Straits, in consideration of which CBL International issued and allotted 13,175,000 8,075,000 5,000,000 100 62 38 On March 23, 2023, the Company consummated the initial public offering of 3,325,000 0.0001 4.00 425,000 2,500 25,000,000 0.0001 The total number of ordinary shares issued and outstanding as of June 30, 2023 was 25,000,000 Upon completion of issuance of the shares under the Offering, CBL International is effectively owned 52.7 32.3 15.0

Basis of Presentation, New Acco

Basis of Presentation, New Accounting Standards, and Significant Accounting Policies	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Presentation, New Accounting Standards, and Significant Accounting Policies	2. Basis of Presentation, New Accounting Standards, and Significant Accounting Policies The Unaudited Condensed Consolidated Financial Statements and related notes include all the accounts of the Company and its wholly owned subsidiaries. The Unaudited Condensed Consolidated Financial Statements are prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”), for the purposes of filing the 2023 Interim Report on Form 6-K (“2023 6-K Report”). Accordingly, they do not include all the information and footnotes required by U.S. GAAP for complete financial statements. However, except as disclosed herein, there has been no material change in the information disclosed in the Notes included in our 2022 Annual Report on Form 20-F (“2022 20-F Report”). All intercompany transactions have been eliminated in consolidation. The information included in this 2023 6-K Report should be read in conjunction with the Consolidated Financial Statements and accompanying Notes included in our 2022 20-F Report. Certain amounts in the Unaudited Condensed Consolidated Financial Statements and accompanying Notes may not add due to rounding; however, all percentages have been calculated using unrounded amounts. New Accounting Standards Adoption of New Accounting Standards Disclosure of Supplier Finance Program Obligations. In September 2022, Accounting Standards Update (“ASU”) 2022-04 was issued to require the buyer in a supplier finance program to disclose the key terms of the program, outstanding confirmed amounts as of the end of the period, a rollforward of such amounts during each annual period, and a description of where in the financial statements outstanding amounts are presented. The amendments do not affect the recognition, measurement or financial statement presentation of supplier finance program obligations. The amendments are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The amendments should be applied retrospectively to each period in which a balance sheet is presented, except for the rollforward, which should be applied prospectively. Early adoption was permitted. The Company did not adopt ASU 2022-04 in the first half of 2023 as we consider that it is not applicable to the Company. Accounting Standards Issued but Not Yet Adopted There are no recently issued accounting standards not yet adopted by us that are expected, upon adoption, to have a material impact on the Company’s Consolidated Financial Statements or processes. Significant Accounting Policies There have been no significant changes in the Company’s accounting policies from those disclosed in our 2022 20-F Report. The significant accounting policies we use for interim financial reporting are disclosed in Note 2 Summary of Significant Accounting Policies of the accompanying Notes to the Consolidated Financial Statements included in our 2022 20-F Report.

Accounts Receivable

Accounts Receivable	6 Months Ended
	Jun. 30, 2023
Credit Loss [Abstract]
Accounts Receivable	3. Accounts Receivable Accounts receivable represent trade receivables from customers. We extend credit to our customers on an unsecured basis. Our exposure to credit losses depends on the financial conditions of them and macroeconomic factors beyond our controls, such as global economic conditions or adverse impacts in the industries we serve, changes in oil prices and political instability. The health of our accounts receivable is continuously monitored, taking into consideration both changes in our customers’ financial conditions and macroeconomic events. We adjust credits limits based upon payment history and creditworthiness of our customers. Because we extend credit on an unsecured basis to most of customers, there is possibility that any accounts receivable not collected may ultimately need to be written off. The Company had accounts receivable of approximately $ 30,929,095 18,446,176 23,958,875 9,253,060 77.5% 25.0% 50.2% 22.4% no no Subsequent to June 30, 2023, all accounts receivable as of June 30, 2023 have been collected. As of June 30, 2023, the Company did not sell any accounts receivable to a bank under a non-recourse factoring arrangement. As of December 31, 2022, accounts receivable in the amount of $ 4,134,637

Derivative Instruments

Derivative Instruments	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	4. Derivative Instruments The Company values its derivative instruments using alternative pricing sources and market observable inputs, and accordingly the Company classifies the valuation techniques that use these inputs as Level 2. The following table presents the gross fair value of the Company’s derivative instruments not designated as hedging instruments and their locations on the consolidated balance sheets: Schedule of Derivative Instruments As of June 30, 2023 (Unaudited) Derivative liabilities Level 1 input Level 2 input Level 3 input Total fair value Commodity contracts $ - $ 8,688 $ - $ 8,688 As of December 31, 2022 (Unaudited) Derivative liabilities Level 1 input Level 2 input Level 3 input Total fair value Commodity contracts $ - $ 109,346 $ - $ 109,346 The following table summarizes the gross notional values of the Company’s commodity contracts used for risk management purposes that were outstanding as of June 30, 2023, and December 31, 2022: Schedule of Gross Notional Value As of June 30, As of December 31, Derivative Instruments Units 2023 Units 2022 Commodity contracts Long Metric ton 4,550 Metric ton 3,600 Short - - Metric ton 500 The following table presents the effect and financial statement location of the Company’s derivative instruments not designated as hedging instruments on the Company’s consolidated statements of income and comprehensive income: The following are the amounts of realized and unrealized gain during the six months ended June 30, 2023 and 2022: Schedule of Realized and Unrealized Gain Location 2023 2022 (Unaudited) (Unaudited) Realized and unrealized gain from commodity contracts Cost of revenue $ 239,452 $ 1,594,504

Prepayment and other current as

Prepayment and other current assets	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayment and other current assets	5. Prepayment and other current assets Prepayment and other current assets as of June 30, 2023, and December 31, 2022, consist of the following: Schedule of prepayment and other current assets As of June 30, As of December 31, 2023 2022 (Unaudited) (Unaudited) Prepayments $ 11,215,181 $ 167,677 Deposit 73,706 86,102 Total $ 11,288,887 $ 253,779 Prepayments as of June 30, 2023, principally represent advance payments made to suppliers in an aggregated amount of approximately $ 10,980,000

Property, Plant and Equipment

Property, Plant and Equipment	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	6. Property, Plant and Equipment The details of property and equipment are as follows: Schedule of Property Plant and Equipment As of June 30, 2023 As of December 31, 2022 (Unaudited) (Unaudited) Office equipment, furniture and fixtures $ 375,262 $ 363,167 Less: accumulated depreciation and amortization 76,572 22,284 Office equipment, furniture and fixtures, net $ 298,690 $ 340,883 During the six months ended June 30, 2023 and 2022, the Company recorded depreciation charges of approximately $ 54,000 55,000 The details of motor vehicle are as follows: Schedule of Property Plant and Equipment As of June 30, 2023 As of December 31, 2022 (Unaudited) (Unaudited) Motor vehicle $ 190,787 $ 98,632 Less: accumulated depreciation 99,717 84,542 Motor vehicle, net $ 91,070 $ 14,090 During the six months ended June 30, 2023, and 2022, the Company recorded depreciation charges of approximately $ 15,000 21,000 The details of computer software costs are as follows: Schedule of Property Plant and Equipment As of June 30, 2023 As of December 31, 2022 (Unaudited) (Unaudited) Computer software $ 517,655 $ 80,155 Less: accumulated amortization 48,255 41,038 Computer software costs, net $ 469,400 $ 39,117 During the six months ended June 30, 2023, and 2022, the Company recorded amortization charges related to computer software of approximately $ 7,000 13,000

Interest Income and Interest Ex

Interest Income and Interest Expense	6 Months Ended
	Jun. 30, 2023
Interest Income and Interest Expense	7. Interest Income and Interest Expense In 2021, the Company entered into a factoring agreement for $ 4.8 13.6 nil 4.1 As of June 30, 2023, the unused portion of the financing facilities was approximately $ 13.6 9.5 The interest rates under the factoring agreement range from 1.2 1.25 1.2 1.25 The following table provides additional information about the Company’s interest income, interest expense and other financing costs, net for the six months ended June 30, 2023, and 2022: Schedule of Interest Income and Interest Expense 2023 2022 (Unaudited) (Unaudited) Interest income $ 21,652 $ 39 Interest expense on lease liabilities (4,987 ) (1,435 ) Interest expense on factoring arrangement (133,099 ) (117,834 ) Total $ (116,434 ) $ (119,230 )

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	8. Commitments and Contingencies Sales and Purchase Commitments As of June 30, 2023, the Company has committed to sell to certain customers a minimum of 102,450 166,600 57,000 75,000 Contingencies The Company is subject to legal proceedings and regulatory actions in the ordinary course of business. The results of such proceedings cannot be predicted with certainty, and the Company does not anticipate that the final outcome arising out of any such matter will have a material adverse effect on its consolidated financial position, cash flows or results of operations. As of June 30, 2023, and December 31, 2022, the Company is not a party to any material legal or administrative proceedings and did not have any significant contingencies.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income Taxes	9. Income Taxes British Virgin Islands Under the current laws of the British Virgin Islands, the Company is not subject to any income tax. Hong Kong Under the two-tiered profit tax rate regime of Hong Kong Profits Tax, the first HK$ 2,000,000 258,000 8.25 2,000,000 16.5 1,632,263 2,196,734 Malaysia Malaysia Income Tax is calculated at 24 19,235 8,232 The income tax provision for the six months ended June 30, 2023, and 2022, consists of the following: Schedule of Income Before Income Taxes 2023 2022 (Unaudited) (Unaudited) Current: Hong Kong $ 242,070 $ 351,816 Malaysia 4,616 1,976 Total $ 246,686 $ 353,792 Deferred - - Total $ 246,686 $ 353,792 The following is a reconciliation of the Company’s total income tax expense to the income before income taxes for the six months ended June 30, 2023, and 2022, respectively. Schedule of Components of Income Tax Expense 2023 2022 (Unaudited) (Unaudited) Income before provision for income taxes $ 1,400,131 $ 1,442,688 Tax at the domestic income tax rate of 16.5 231,022 238,044 Tax effect of Hong Kong graduated rates (10,645 ) (10,645 ) Non-taxable gain (16,609 ) - Foreign tax rate differentials 1,443 618 Non-deductible expenses for tax purpose 19,767 125,775 Unrecognized tax benefit 21,708 - Income tax expense $ 246,686 $ 353,792

Revenue Disaggregation

Revenue Disaggregation	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Revenue Disaggregation	10. Revenue Disaggregation Geographic Information The following table breaks down revenue for the six months ended June 30, 2023, and 2022, respectively by geographic location of the Company’s revenue. The geographical location is based on the locations at which the marine fuel is delivered to the customers. Schedule of Revenue by Geographic Location 2023 2022 (Unaudited) (Unaudited) China $ 100,988,136 $ 114,427,297 Hong Kong 63,594,042 102,130,078 Malaysia 21,358,117 12,684,443 Singapore 2,989,753 3,356,084 South Korea 2,848,406 - Other 177,357 3,098,803 Total: $ 191,955,811 $ 235,696,705 Other includes primarily Vietnam, Taiwan, and Thailand.

Finance and Operating Leases

Finance and Operating Leases	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Finance and Operating Leases	11. Finance and Operating Leases The Company leases offices. The leases are for periods of two five years For the six months ended June 30, 2023, and 2022, the Company recognized the following total lease cost related to the Company’s lease arrangements: Schedule of Lease Cost 2023 2022 (Unaudited) (Unaudited) Finance lease and operating lease costs 66,726 37,465 Expenses relating to short-term leases 5,510 11,210 Total lease cost $ 72,236 $ 48,675 During the six months ended June 30, 2023, the Company entered into new a lease for the rental of property which has not commenced as of June 30, 2023. In this connection, no As of June 30, 2023, the Company’s remaining lease payments are as follows: Schedule of Remaining Lease Payments Leases (Unaudited) 2023 $ 66,581 2024 133,161 2025 102,090 Total remaining lease payments (undiscounted) 301,832 Less: imputed interest 10,254 Present value of lease liabilities $ 291,578 Supplemental balance sheet information related to leases: Schedule of Supplemental Balance Sheet Information Classification As of June 30, 2023 As of December 31, 2022 (Unaudited) (Unaudited) Assets: Operating lease assets Right-of-use lease assets $ 279,886 $ 341,625 Operating leases Lease Liability - current Current liabilities – lease liabilities $ 126,046 $ 124,095 Lease liability – non-current Non-current liabilities – lease liabilities $ 165,532 $ 229,076 Other information related to leases for the six months ended June 30, 2023 and 2022: Schedule of Other Information Related to Leases 2023 2022 (Unaudited) (Unaudited) Weighted-average remaining lease term (years) - operating leases 1.3 1.2 Weighted-average discount rate - operating leases 3.2 % 2.9 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ - $ - Operating cash flows from operating leases $ 61,594 $ 36,115

Derivative Instruments (Tables)

Derivative Instruments (Tables)	6 Months Ended
	Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments	The following table presents the gross fair value of the Company’s derivative instruments not designated as hedging instruments and their locations on the consolidated balance sheets: Schedule of Derivative Instruments As of June 30, 2023 (Unaudited) Derivative liabilities Level 1 input Level 2 input Level 3 input Total fair value Commodity contracts $ - $ 8,688 $ - $ 8,688 As of December 31, 2022 (Unaudited) Derivative liabilities Level 1 input Level 2 input Level 3 input Total fair value Commodity contracts $ - $ 109,346 $ - $ 109,346
Schedule of Gross Notional Value	The following table summarizes the gross notional values of the Company’s commodity contracts used for risk management purposes that were outstanding as of June 30, 2023, and December 31, 2022: Schedule of Gross Notional Value As of June 30, As of December 31, Derivative Instruments Units 2023 Units 2022 Commodity contracts Long Metric ton 4,550 Metric ton 3,600 Short - - Metric ton 500
Schedule of Realized and Unrealized Gain	The following are the amounts of realized and unrealized gain during the six months ended June 30, 2023 and 2022: Schedule of Realized and Unrealized Gain Location 2023 2022 (Unaudited) (Unaudited) Realized and unrealized gain from commodity contracts Cost of revenue $ 239,452 $ 1,594,504

Prepayment and other current _2

Prepayment and other current assets (Tables)	6 Months Ended
	Jun. 30, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Schedule of prepayment and other current assets	Prepayment and other current assets as of June 30, 2023, and December 31, 2022, consist of the following: Schedule of prepayment and other current assets As of June 30, As of December 31, 2023 2022 (Unaudited) (Unaudited) Prepayments $ 11,215,181 $ 167,677 Deposit 73,706 86,102 Total $ 11,288,887 $ 253,779

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	6 Months Ended
	Jun. 30, 2023
Property, Plant and Equipment [Line Items]
Schedule of Property Plant and Equipment	The details of property and equipment are as follows: Schedule of Property Plant and Equipment As of June 30, 2023 As of December 31, 2022 (Unaudited) (Unaudited) Office equipment, furniture and fixtures $ 375,262 $ 363,167 Less: accumulated depreciation and amortization 76,572 22,284 Office equipment, furniture and fixtures, net $ 298,690 $ 340,883
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Schedule of Property Plant and Equipment	The details of motor vehicle are as follows: Schedule of Property Plant and Equipment As of June 30, 2023 As of December 31, 2022 (Unaudited) (Unaudited) Motor vehicle $ 190,787 $ 98,632 Less: accumulated depreciation 99,717 84,542 Motor vehicle, net $ 91,070 $ 14,090
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Schedule of Property Plant and Equipment	The details of computer software costs are as follows: Schedule of Property Plant and Equipment As of June 30, 2023 As of December 31, 2022 (Unaudited) (Unaudited) Computer software $ 517,655 $ 80,155 Less: accumulated amortization 48,255 41,038 Computer software costs, net $ 469,400 $ 39,117

Interest Income and Interest _2

Interest Income and Interest Expense (Tables)	6 Months Ended
	Jun. 30, 2023
Schedule of Interest Income and Interest Expense	The following table provides additional information about the Company’s interest income, interest expense and other financing costs, net for the six months ended June 30, 2023, and 2022: Schedule of Interest Income and Interest Expense 2023 2022 (Unaudited) (Unaudited) Interest income $ 21,652 $ 39 Interest expense on lease liabilities (4,987 ) (1,435 ) Interest expense on factoring arrangement (133,099 ) (117,834 ) Total $ (116,434 ) $ (119,230 )

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Income Before Income Taxes	The income tax provision for the six months ended June 30, 2023, and 2022, consists of the following: Schedule of Income Before Income Taxes 2023 2022 (Unaudited) (Unaudited) Current: Hong Kong $ 242,070 $ 351,816 Malaysia 4,616 1,976 Total $ 246,686 $ 353,792 Deferred - - Total $ 246,686 $ 353,792
Schedule of Components of Income Tax Expense	The following is a reconciliation of the Company’s total income tax expense to the income before income taxes for the six months ended June 30, 2023, and 2022, respectively. Schedule of Components of Income Tax Expense 2023 2022 (Unaudited) (Unaudited) Income before provision for income taxes $ 1,400,131 $ 1,442,688 Tax at the domestic income tax rate of 16.5 231,022 238,044 Tax effect of Hong Kong graduated rates (10,645 ) (10,645 ) Non-taxable gain (16,609 ) - Foreign tax rate differentials 1,443 618 Non-deductible expenses for tax purpose 19,767 125,775 Unrecognized tax benefit 21,708 - Income tax expense $ 246,686 $ 353,792

Revenue Disaggregation (Tables)

Revenue Disaggregation (Tables)	6 Months Ended
	Jun. 30, 2023
Revenue from Contract with Customer [Abstract]
Schedule of Revenue by Geographic Location	The following table breaks down revenue for the six months ended June 30, 2023, and 2022, respectively by geographic location of the Company’s revenue. The geographical location is based on the locations at which the marine fuel is delivered to the customers. Schedule of Revenue by Geographic Location 2023 2022 (Unaudited) (Unaudited) China $ 100,988,136 $ 114,427,297 Hong Kong 63,594,042 102,130,078 Malaysia 21,358,117 12,684,443 Singapore 2,989,753 3,356,084 South Korea 2,848,406 - Other 177,357 3,098,803 Total: $ 191,955,811 $ 235,696,705

Finance and Operating Leases (T

Finance and Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Schedule of Lease Cost	For the six months ended June 30, 2023, and 2022, the Company recognized the following total lease cost related to the Company’s lease arrangements: Schedule of Lease Cost 2023 2022 (Unaudited) (Unaudited) Finance lease and operating lease costs 66,726 37,465 Expenses relating to short-term leases 5,510 11,210 Total lease cost $ 72,236 $ 48,675
Schedule of Remaining Lease Payments	As of June 30, 2023, the Company’s remaining lease payments are as follows: Schedule of Remaining Lease Payments Leases (Unaudited) 2023 $ 66,581 2024 133,161 2025 102,090 Total remaining lease payments (undiscounted) 301,832 Less: imputed interest 10,254 Present value of lease liabilities $ 291,578
Schedule of Supplemental Balance Sheet Information	Supplemental balance sheet information related to leases: Schedule of Supplemental Balance Sheet Information Classification As of June 30, 2023 As of December 31, 2022 (Unaudited) (Unaudited) Assets: Operating lease assets Right-of-use lease assets $ 279,886 $ 341,625 Operating leases Lease Liability - current Current liabilities – lease liabilities $ 126,046 $ 124,095 Lease liability – non-current Non-current liabilities – lease liabilities $ 165,532 $ 229,076
Schedule of Other Information Related to Leases	Other information related to leases for the six months ended June 30, 2023 and 2022: Schedule of Other Information Related to Leases 2023 2022 (Unaudited) (Unaudited) Weighted-average remaining lease term (years) - operating leases 1.3 1.2 Weighted-average discount rate - operating leases 3.2 % 2.9 % Cash paid for amounts included in the measurement of lease liabilities: Operating cash flows from finance leases $ - $ - Operating cash flows from operating leases $ 61,594 $ 36,115

Organization and Principal Bu_2

Organization and Principal Business (Details Narrative) - USD ($)		1 Months Ended					6 Months Ended
		Aug. 31, 2022	Mar. 31, 2022	Feb. 28, 2022	Feb. 28, 2021	Jul. 31, 2020	Jun. 30, 2023	Mar. 27, 2023	Mar. 23, 2023	Dec. 31, 2022
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ordinary shares, par value							$ 0.0001			$ 0.0001
Authorized share capital							500,000,000			500,000,000
Ordinary shares, shares issued							25,000,000			21,250,000
Common stock value	[1]						$ 2,500			$ 2,125
Ordinary shares, shares outstanding							25,000,000			21,250,000
CBL International [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Effective ownership percentage							52.70%
Straits [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Effective ownership percentage							32.30%
Public Shareholders [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Effective ownership percentage							15%
IPO [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Shares issued price per share									$ 4
Ordinary shares, par value									$ 0.0001
Ordinary shares, shares issued								425,000	3,325,000
Common Stock [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued	[2]						3,750,000
Ordinary shares, par value			$ 0.0001
Authorized share capital			500,000,000
Subdivided Shares [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued			100
Ordinary shares, par value			$ 0.0001
CBL (Asia) Limited ("CBL (Asia)") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued		13,175,000			304,000
Straits Energy Resources Berhad ("Straits") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued		8,075,000			186,323
Mr. Chia [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued			5,000,000	50,000
Shares issued price per share			$ 0.0001	$ 0.01
Number of shares surrendered and cancelled		5,000,000				50,000
Banle International Group Limited ("Banle BVI") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued					490,323
Ownership percentage		100%
Banle International Group Limited ("Banle BVI") [Member] | CBL (Asia) Limited ("CBL (Asia)") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage		62%
Banle International Group Limited ("Banle BVI") [Member] | Straits Energy Resources Berhad ("Straits") [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Ownership percentage		38%
Banle International Group Limited ("Banle BVI") [Member] | Mr. Chia [Member]
Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Effects of Changes, Net [Line Items]
Number of shares issued						50,000
Shares issued price per share						$ 1
[1]Gives retroactive effect to reflect the reorganization in August 2022.[2]Gives retroactive effect to reflect the reorganization in August 2022.

Accounts Receivable (Details Na

Accounts Receivable (Details Narrative) - USD ($)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Product Information [Line Items]
Accounts receivables	$ 30,929,095	$ 18,446,176
Bad debt expense	0	0
Accounts receivable, sale		4,134,637
Top Five Customers [Member]
Product Information [Line Items]
Accounts receivables	$ 23,958,875	$ 9,253,060
Top Five Customers [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percentage	77.50%	50.20%
Customer A [Member] | Accounts Receivable [Member] | Customer Concentration Risk [Member]
Product Information [Line Items]
Concentration risk percentage	25%	22.40%

Schedule of Derivative Instrume

Schedule of Derivative Instruments (Details) - Commodity Contracts [Member] - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liabilities	$ 8,688	$ 109,346
Fair Value, Inputs, Level 1 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liabilities
Fair Value, Inputs, Level 2 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liabilities	8,688	109,346
Fair Value, Inputs, Level 3 [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative liabilities

Schedule of Gross Notional Valu

Schedule of Gross Notional Value (Details) - Commodity Contracts [Member] - t	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Long-Term Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gross notional values mass	4,550	3,600
Short-Term Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative gross notional values mass		500

Schedule of Realized and Unreal

Schedule of Realized and Unrealized Gain (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Commodity Contracts [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Realized and unrealized gain from commodity contracts	$ 239,452	$ 1,594,504

Schedule of prepayment and othe

Schedule of prepayment and other current assets (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayments	$ 11,215,181	$ 167,677
Deposit	73,706	86,102
Total	$ 11,288,887	$ 253,779

Prepayment and other current _3

Prepayment and other current assets (Details Narrative)	Jun. 30, 2023 USD ($)
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Advance rent	$ 10,980,000

Schedule of Property Plant and

Schedule of Property Plant and Equipment (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Property, Plant and Equipment [Line Items]
Computer software costs, net	$ 859,160	$ 394,090
Office Equipment and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Computer software	375,262	363,167
Less: accumulated amortization	76,572	22,284
Computer software costs, net	298,690	340,883
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Computer software	190,787	98,632
Less: accumulated amortization	99,717	84,542
Computer software costs, net	91,070	14,090
Computer Equipment [Member]
Property, Plant and Equipment [Line Items]
Computer software	517,655	80,155
Less: accumulated amortization	48,255	41,038
Computer software costs, net	$ 469,400	$ 39,117

Property, Plant and Equipment_2

Property, Plant and Equipment (Details Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 61,740	$ 36,029
Amortization expense	7,000	13,000
Office Equipment and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Depreciation	54,000	55,000
Vehicles [Member]
Property, Plant and Equipment [Line Items]
Depreciation expense	$ 15,000	$ 21,000

Schedule of Interest Income and

Schedule of Interest Income and Interest Expense (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Interest income	$ 21,652	$ 39
Interest expense on lease liabilities	(4,987)	(1,435)
Total	(116,434)	(119,230)
Related Party [Member] | Factoring Arrangement [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	$ (133,099)	$ (117,834)

Interest Income and Interest _3

Interest Income and Interest Expense (Details Narrative) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Purchase receivables			$ 4.8
Factoring facility	$ 13.6
Accounts receivable factored	0	$ 4.1
Unused portion of financing facilities	$ 13.6	$ 9.5
Minimum [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rate	1.20%	1.20%
Maximum [Member]
Federal Home Loan Bank, Advances, Branch of FHLB Bank [Line Items]
Interest rate	1.25%	1.25%

Commitments and Contingencies (

Commitments and Contingencies (Details Narrative)	6 Months Ended
	Jun. 30, 2023 t
Minimum [Member]
Loss Contingencies [Line Items]
Sale amount	102,450
Purchase price	57,000
Maximum [Member]
Loss Contingencies [Line Items]
Sale amount	166,600
Purchase price	75,000

Schedule of Income Before Incom

Schedule of Income Before Income Taxes (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 HKD ($)	Jun. 30, 2022 USD ($)
Operating Loss Carryforwards [Line Items]
Total	$ 246,686	$ 2,000,000	$ 353,792
Deferred
HONG KONG
Operating Loss Carryforwards [Line Items]
Total	242,070		351,816
MALAYSIA
Operating Loss Carryforwards [Line Items]
Total	$ 4,616		$ 1,976

Schedule of Components of Incom

Schedule of Components of Income Tax Expense (Details)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 HKD ($)	Jun. 30, 2022 USD ($)
Income Tax Disclosure [Abstract]
Income before provision for income taxes	$ 1,400,131		$ 1,442,688
Tax at the domestic income tax rate of 16.5%	231,022		238,044
Tax effect of Hong Kong graduated rates	(10,645)		(10,645)
Non-taxable gain	(16,609)
Foreign tax rate differentials	1,443		618
Non-deductible expenses for tax purpose	19,767		125,775
Unrecognized tax benefit	21,708
Income tax expense	$ 246,686	$ 2,000,000	$ 353,792

Schedule of Components of Inc_2

Schedule of Components of Income Tax Expense (Details) (Parenthetical)	6 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Income tax expense (benefit) at federal statutory rate	16.50%

Income Taxes (Details Narrative

Income Taxes (Details Narrative)	6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2023 HKD ($)	Jun. 30, 2022 USD ($)
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Provision for income taxes	$ 246,686	$ 2,000,000	$ 353,792
Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Income tax rate	16.50%	16.50%
HONG KONG
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Provision for income taxes	$ 258,000	$ 2,000,000
Income subject to profits tax	$ 1,632,263		2,196,734
HONG KONG | Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Income tax rate	8.25%	8.25%
MALAYSIA
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Income tax rate	24%	24%
Income subject to profits tax	$ 19,235		$ 8,232

Schedule of Revenue by Geograph

Schedule of Revenue by Geographic Location (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Disaggregation of Revenue [Line Items]
Total:	$ 191,955,811	$ 235,696,705
CHINA
Disaggregation of Revenue [Line Items]
Total:	100,988,136	114,427,297
HONG KONG
Disaggregation of Revenue [Line Items]
Total:	63,594,042	102,130,078
MALAYSIA
Disaggregation of Revenue [Line Items]
Total:	21,358,117	12,684,443
SINGAPORE
Disaggregation of Revenue [Line Items]
Total:	2,989,753	3,356,084
KOREA, REPUBLIC OF
Disaggregation of Revenue [Line Items]
Total:	2,848,406
Other [Member]
Disaggregation of Revenue [Line Items]
Total:	$ 177,357	$ 3,098,803

Schedule of Lease Cost (Details

Schedule of Lease Cost (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Finance lease and operating lease costs	$ 66,726	$ 37,465
Expenses relating to short-term leases	5,510	11,210
Total lease cost	$ 72,236	$ 48,675

Schedule of Remaining Lease Pay

Schedule of Remaining Lease Payments (Details)	Jun. 30, 2023 USD ($)
Leases [Abstract]
2023	$ 66,581
2024	133,161
2025	102,090
Total remaining lease payments (undiscounted)	301,832
Less: imputed interest	10,254
Present value of lease liabilities	$ 291,578

Schedule of Supplemental Balanc

Schedule of Supplemental Balance Sheet Information (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease assets	$ 279,886	$ 341,625
Lease Liability - current	126,046	124,095
Lease liability – non-current	$ 165,532	$ 229,076

Schedule of Other Information R

Schedule of Other Information Related to Leases (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Weighted-average remaining lease term (years) - operating leases	1 year 3 months 18 days	1 year 2 months 12 days
Weighted-average discount rate - operating leases	3.20%	2.90%
Operating cash flows from finance leases
Operating cash flows from operating leases	$ 61,594	$ 36,115

Finance and Operating Leases (D

Finance and Operating Leases (Details Narrative)	6 Months Ended
	Jun. 30, 2023 USD ($)
Lease payment	$ 0
Minimum [Member]
Lease term	2 years
Maximum [Member]
Lease term	5 years