Vessel Under Construction

3 Months Ended

Jun. 30, 2022

Vessel Under Construction.

Vessel Under Construction

6. Vessel Under Construction

As further described in Note 15, we have entered into a thirteen-year bareboat charter agreement for a newbuilding dual-fuel VLGC that is expected to be delivered from Kawasaki Heavy Industries in March 2023. The analysis and movement of vessel under construction is presented in the table below:

Balance, April 1, 2022	$	16,401,532
Installment payments		8,000,000
Other capitalized expenditures		234,649
Capitalized interest		245,940
Balance, June 30, 2022	$	24,882,121