Vessel Operating Expenses

12 Months Ended

Mar. 31, 2015

Vessel Operating Expenses.

Vessel Operating Expenses

16. Vessel Operating Expenses

Vessel operating expenses comprise the following:

	Year ended March 31, 2015		July 1, 2013 (inception) to March 31, 2014
Crew wages and related costs	$	14,529,018	$	5,306,441
Spares and stores	2,666,100		1,395,287
Insurance	1,343,071		566,021
Repairs and maintenance costs	1,315,028		502,424
Lubricants	964,951		480,279
Miscellaneous expenses	437,997		144,507
Total	$	21,256,165	$	8,394,959