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Inventories (Predecessor)

9 Months Ended

4 Months Ended

Mar. 31, 2014

Jul. 28, 2013

Predecessor

Inventories

Inventories

5. Inventories

The Company’s inventories by type were as follows:

		March 31, 2014
Bunkers		596,768
Lubricants		358,381
Victualing		83,840
Bonded stores		15,354
Communication cards		3,986
Total		1,058,329

4. Inventories

Inventories by type were as follows:

		March 31, 2013
Bunkers		1,200,591
Victualing		64,969
Bonded stores		16,924
Lubricants		418,987
Communication cards		6,770
Total		1,708,241

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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