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Inventories

12 Months Ended

Mar. 31, 2015

5. Inventories

Our inventories by type were as follows:

	March 31, 2015	March 31, 2014
Bunkers	2,446,424	596,768
Lubricants	737,502	358,381
Victualing	132,017	83,840
Bonded stores	35,399	15,354
Communication cards	24,417	3,986
Total	3,375,759	1,058,329

- 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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