11. Commitments and Contingencies

Commitments under Contracts for Scrubber Purchases

As of June 30, 2019, we had the following contractual commitments to purchase scrubbers to reduce sulfur emissions on ten of our VLGCs:


	June 30, 2019
Less than one year	$	9,955,572
Total	$	9,955,572

Commitments under Contracts for BWMS Purchases

As of June 30, 2019, we had the following contractual commitments to purchase ballast water management systems (“BWMS”) on two of our VLGCs:


	June 30, 2019
Less than one year	$	703,360
Total	$	703,360

Operating Leases

Operating lease rent expense was as follows:

We had the following commitments as a lessee under operating leases relating to our United States, Greece, United Kingdom, and Denmark offices:


	June 30, 2019
Less than one year	$	410,667
One to three years		429,227
Total	$	839,894

Time Charter-in

Charter hire expenses for the VLGC time chartered in were as follows:

We had the following time charter-in commitments relating to one VLGC:


	June 30, 2019
Less than one year	$	5,480,000
Total	$	5,480,000

Fixed Time Charter Contracts

We had the following future minimum fixed time charter hire receipts based on non-cancelable long-term fixed time charter contracts:


	June 30, 2019
Less than one year	$	23,993,113
One to three years		22,293,252
Total	$	46,286,365

Other

From time to time we expect to be subject to legal proceedings and claims in the ordinary course of business, principally personal injury and property casualty claims. Such claims, even if lacking in merit, could result in the expenditure of significant financial and managerial resources. We are not aware of any claim that is reasonably possible and should be disclosed or probable and for which a provision should be established in the accompanying unaudited interim condensed consolidated financial statements.

Three months ended

June 30, 2019

June 30, 2018

Operating lease rent expense