Commitments and Contingencies

6 Months Ended

Sep. 30, 2023

Commitments and Contingencies:

Commitments and Contingencies

14.  Commitments and Contingencies

Commitments under Contracts for Scrubbers Purchases

We had contractual commitments related to contracts to scrubbers to reduce sulfur emissions as follows:

	September 30, 2023
Less than one year	$	849,562

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:

	September 30, 2023
Less than one year	$	15,305,000
One to three years		1,657,986
Total	$	16,962,986

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 unaudited interim condensed consolidated financial statements.