XML 60 R50.htm IDEA: XBRL DOCUMENT v2.4.0.8
Transactions with Related Parties (Details)
9 Months Ended 0 Months Ended 0 Months Ended 9 Months Ended 0 Months Ended 9 Months Ended 0 Months Ended 0 Months Ended
Mar. 31, 2014
item
Mar. 31, 2014
SeaDor
Jul. 29, 2013
SeaDor
Jul. 29, 2013
SeaDor
Common stock
USD ($)
Jul. 29, 2013
SeaDor
Common stock
NOK
Mar. 31, 2014
Scorpio
Nov. 26, 2013
Scorpio
Asset acquisition
USD ($)
item
Nov. 26, 2013
Scorpio
Asset acquisition
NOK
Nov. 26, 2013
Scorpio
Asset acquisition
Common stock
Jul. 26, 2013
Manager
USD ($)
Mar. 31, 2014
Manager
USD ($)
Jul. 29, 2013
Chairman / Mr. John Hadjipateras
Jul. 26, 2013
Chairman / Mr. John Hadjipateras
Eagle Ocean Transport
Mar. 31, 2014
Chairman / Mr. John Hadjipateras
Eagle Ocean Transport
USD ($)
Jul. 26, 2013
Vice President of Chartering, Insurance and Legal, Nigel Grey-Turner
HSSL
Jul. 29, 2013
SeaCor LPG I LLC (Comet)
SeaDor
Asset acquisition
USD ($)
item
Jul. 29, 2013
SeaCor LPG I LLC (Comet)
SeaDor
Asset acquisition
USD ($)
Jul. 29, 2013
SeaCor LPG I LLC (Comet)
SeaDor
Asset acquisition
NOK
Jul. 29, 2013
SeaCor LPG I LLC (Comet)
SeaDor
Asset acquisition
Common stock
Transactions with related parties                                      
Capital charge (as a percent)                               6.00%      
Interest transferred to Dorian LPG Ltd. (as a percent)             100.00%                   100.00% 100.00%  
Number of VLGC vessels acquired 19                             1      
Number of VLGCs with option rights to construct                               1.5      
Number of shares of common stock issued                 7,990,425                   4,667,135
Value of common stock (per share)       $ 12.66 75.00   $ 15.16 92.50                 $ 12.66 75.00  
Ownership interest (as a percent)   19.30% 25.00%     26.50%           25.00% 100.00%   100.00%        
Number of entities acquired             13                        
Number of vessels acquired per subsidiary             1                        
Monthly management fee per vessel                   $ 93,750                  
Advance payments period                   1 month                  
Management fees for vessels                     3,028,889                
Monthly pre-delivery fee per vessel                   15,000                  
Pre-delivery fees paid                     1,229,003                
Pre-delivery fees expensed                     93,467                
Pre-delivery fees capitalized                     1,135,536                
Percentage of shipbroker fee rebated to it as compensation for its services that can be retained                         100.00%            
Shipbroker rebates paid to related party                           457,940          
Amount reimbursed out of cost incurred for equity issuances and debt restructuring                           293,869          
Transaction value allocated to assets purchased                                      
Cash             1,930,000                        
Cash acquired from acquisition                               49,854,870      
Purchase contract for VLGC newbuilding contracts (includes advance payment)             119,386,040                   7,009,675    
Purchase option contracts                                 2,529,126    
Total consideration             $ 121,316,040                   $ 59,393,671