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| Leases | 11. Leases Time charter-in contracts During the year ended March 31, 2026, we time chartered-in one VLGC for a period of 31 months. We recognized the applicable right-of-use asset and lease liability at an initial amount of $29.9 million on our balance sheet. During this period, we also time chartered-in one VLGC for a period of 12 months that was excluded from operating lease right-of-use asset and lease liability recognition on our consolidated balance sheet. As of March 31, 2026, right-of-use assets and lease liabilities relating to all of our time charter-in VLGCs totaled $148.3 million and were recognized on our balance sheet. Our time chartered-in VLGCs were deployed in the Helios Pool and earned net pool revenues of $99.7 million, $56.7 million, and $97.5 million for the years ended March 31, 2026, 2025 and 2024, respectively. Charter hire expenses for the VLGCs time chartered-in were as follows:
Office leases We currently have operating leases for our offices in Stamford, Connecticut, USA; Copenhagen, Denmark; and Athens, Greece which we determined to be operating leases and record the lease expense as part of general and administrative expenses in our consolidated statements of operations. We did not enter into any new office leases and did not renew any office leases during the years ended March 31, 2026, 2025 and 2024. The term of our Copenhagen, Denmark office expired during the year ended March 31, 2025 and the office lease is on a month-to-month basis. Operating lease rent expense related to our office leases was as follows:
For our office leases and time charter-in arrangements, the discount rate used ranged from 5.17% to 6.34%. The weighted average discount rate used to calculate the lease liability was 5.73%. The weighted average remaining lease term on our office leases and a time chartered-in vessel as of March 31, 2026 is 42.8 months. Our operating lease right-of-use asset and lease liabilities were as follows:
Maturities of operating lease liabilities as of March 31, 2026 were as follows:
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