v3.26.1
Commitments and Contingencies
12 Months Ended
Mar. 31, 2026
Commitments and Contingencies:  
Commitments and Contingencies

20. Commitments and Contingencies

Time Charter-in

During the year ended March 31, 2026 we chartered-in a VLGC for one year that was delivered to us in June 2025. As of March 31, 2026 we had the following time charter-in commitments relating to VLGCs:

March 31, 2026

Less than one year

$

6,235,958

Operating Leases

We had the following commitments as a lessee under operating leases relating to our Denmark office:

March 31, 2026

Less than one year

$

63,065

Other

From time to time, we expect to be subject to legal proceedings and claims in the ordinary course of business, principally personal injury and property casualty claims. Such claims, even if lacking in merit, could result in the expenditure of significant financial and managerial resources. We are not aware of any claim that is reasonably possible and should be disclosed or probable and for which a provision should be established in the unaudited interim condensed consolidated financial statements. Also, if applicable, we record undiscounted receivables for probable loss recoveries from insurance or other parties. We are not aware of any material claim that is reasonably possible and should be disclosed in the unaudited interim condensed consolidated financial statements.