Voyage Expenses

12 Months Ended

Mar. 31, 2016

Voyage Expenses.

Voyage Expenses

15. Voyage Expenses

Voyage expenses comprise the following:

	Year ended		Year ended		July 1, 2013 (inception)
	March 31, 2016		March 31, 2015		to March 31, 2014
Bunkers	$	7,240,544	$	15,678,905	$	5,271,126
Port charges and other related expenses		2,558,697		3,603,707		552,634
Brokers’ commissions		1,335,584		1,703,589		386,244
Security cost		370,762		709,035		298,820
War risk insurances		219,261		146,320		37,001
Other voyage expenses		339,834		240,300		125,146
Total	$	12,064,682	$	22,081,856	$	6,670,971