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v3.19.3.a.u2

Vessels, Net | 9 Months Ended
--- | ---
Dec. 31, 2019
Vessels, Net |
Vessels, Net | 5. Vessels, Net
|  |  |  |  | Accumulated |  |  |  |
|  | Cost |  | depreciation |  | Net book Value |
Balance, April 1, 2019 |  | $ | 1,732,993,810 |  | $ | (254,473,496) |  | $ | 1,478,520,314 |
Other additions |  |  | 17,460,014 |  |  | — |  |  | 17,460,014 |
Depreciation |  |  | — |  |  | (48,814,256) |  |  | (48,814,256) |
Balance, December 31, 2019 |  | $ | 1,750,453,824 |  | $ | (303,287,752) |  | $ | 1,447,166,072 |
Additions to vessels, net mainly consisted of installments on the purchase of scrubbers for ten of our VLGCs during the nine months ended December 31, 2019. Our vessels, with a total carrying value of $1,447.2 million and $1,478.5 million as of December 31, 2019 and March 31, 2019, respectively, are first‑priority mortgaged as collateral for our long-term debt (refer to Note 6 below). No impairment loss was recorded for the periods presented.

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- Definition The entire disclosure for vessels including, but not limited to, roll forwards and accumulated depreciation. + References No definition available. + Details
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