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Vessel Under Construction
6 Months Ended
Sep. 30, 2022
Vessel Under Construction.  
Vessel Under Construction

6. Vessel Under Construction

As further described in Note 15, we have entered into a thirteen-year bareboat charter agreement for a newbuilding dual-fuel VLGC that is expected to be delivered from Kawasaki Heavy Industries in March 2023. The analysis and movement of vessel under construction is presented in the table below:

Balance, April 1, 2022

    

$

16,401,532

 

Installment payments

8,000,000

Other capitalized expenditures

300,645

Capitalized interest

622,269

Balance, September 30, 2022

 

$

25,324,446