CBL International Ltd
For the period ended Sep 12, 2024. Filed Sep 12, 2024.
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Sep 12, 2024 · Filed Sep 12, 2024
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Contents
EX-99.1 · Cautionary Note Regarding Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements
This report contains forward-looking statements. All statements contained in this report other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “believe”, “may”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect” and similar expressions are intended to identify forward-looking statements. We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs.
These forward-looking statements include statements relating to:
| ● | our goal and strategies; |
| ● | our expansion plans; |
| ● | our future business development, financial condition and results of operations; |
| ● | expected changes in our revenues, costs or expenditures; |
| ● | the trends in, and size of, the bunkering markets in which we operate; |
| ● | our expectations regarding demand for, and market acceptance of, our products and services; |
| ● | our expectations regarding our relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; |
| ● | competition in our industry; |
| ● | laws, regulations, and policies relating to the bunkering industry in the markets in which we operate; and |
| ● | general economic and business conditions. |
The risks and uncertainties include, but are not limited to:
| ● | future operating or financial results may fluctuate; |
| ● | expectations regarding the strength of future growth of the shipping industry, including the rates of annual demand and supply growth; |
| ● | geo-political events such as the conflict in Ukraine and the recent escalation of the Israel-Gaza conflict; |
| ● | the potential disruption of shipping routes, including due to low water levels in the Panama Canal and ongoing attacks by Houthis in the Red Sea; |
| ● | the length and severity of the ongoing outbreak of the novel coronavirus (COVID-19) around the world and governmental responses thereto; |
| ● | the overall health and condition of the U.S. and global financial markets; |
| ● | our financial condition and liquidity, including our ability to obtain additional financing to fund capital expenditures, vessel acquisitions and for other general corporate purposes and our ability to meet our financial covenants and repay our borrowings; |
| ● | our expectations relating to dividend payments and expectations of our ability to make such payments including the availability of cash and the impact of constraints under our loan agreements and financing arrangements; |
| ● | future acquisitions, business strategy and expected capital spending; |
| ● | general market conditions and shipping industry trends, including charter rates and factors affecting supply and demand; |
| ● | assumptions regarding interest rates and inflation; |
| ● | changes in the rate of growth of global and various regional economies; |
| ● | estimated future capital expenditures needed to preserve our capital base; |
| ● | our ability to capitalize on our management’s and directors’ relationships and reputations in the shipping industry to our advantage; |
| ● | changes in governmental and classification societies’ rules and regulations or actions taken by regulatory authorities; |
| ● | expectations about the availability of insurance on commercially reasonable terms; |
| ● | changes in laws and regulations (including environmental rules and regulations); and |
| ● | potential liability from future litigation; |
| ● | other important factors described from time to time in the reports we file with the SEC. |
These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those described herein and in the “Risk Factors”, “Operating and Financial Review and Prospects” and elsewhere in our 2023 Annual Report. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the future events and trends discussed in this report may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. CBL expressly disclaims any obligation or undertaking to release publicly any update or revision to any forward-looking statements contained herein to reflect any change in our expectations with respect to any such statement, or any change in events, conditions or circumstances on which any such statement is based.
You should not rely upon forward-looking statements as predictions of future events. The events and circumstances reflected in the forward-looking statements may not be achieved or occur. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance, or achievements. We are under no duty to update any of these forward-looking statements after the date of this report or to conform these statements to actual results or revised expectations.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.