DORIAN LPG LTD. Commitments Disclosure
20. Commitments and Contingencies
Time Charter-in
During the year ended March 31, 2026 we chartered-in a VLGC for one year that was delivered to us in June 2025. As of March 31, 2026 we had the following time charter-in commitments relating to VLGCs:
March 31, 2026 | ||||
Less than one year | $ | 6,235,958 | ||
Operating Leases
We had the following commitments as a lessee under operating leases relating to our Denmark office:
March 31, 2026 | ||||
Less than one year | $ | 63,065 | ||
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. Also, if applicable, we record undiscounted receivables for probable loss recoveries from insurance or other parties. We are not aware of any material claim that is reasonably possible and should be disclosed in the unaudited interim condensed consolidated financial statements.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | May 27, 2026 | Showing above |
| 2025 | May 29, 2025 | |
| 2024 | May 29, 2024 | |
| 2023 | Jun 2, 2023 | |
| 2022 | Jun 2, 2022 | |
| 2021 | Jun 2, 2021 | |
| 2020 | Jun 12, 2020 | |
| 2019 | May 30, 2019 | |
| 2018 | Jun 28, 2018 | |
| 2017 | Jun 14, 2017 | |
About Commitments Disclosures
Commitments and contingencies disclosures catalog a company's off-balance-sheet obligations and legal exposures — purchase commitments, guarantee arrangements, pending litigation, and regulatory proceedings. These items represent potential future cash outflows that may not appear as liabilities on the balance sheet until they become probable and estimable.
Key signals: litigation reserves and disclosed loss ranges quantify management's estimate of legal exposure, but unquantified "reasonably possible" losses often represent the larger risk. Watch for changes in language around pending cases — shifts from "remote" to "reasonably possible" or increases in estimated loss ranges signal deteriorating outcomes. Unconditional purchase obligations and take-or-pay contracts create fixed cost structures that reduce operational flexibility. Guarantee arrangements for subsidiaries or joint ventures can create cascading obligations. Compare the total commitment schedule against projected free cash flow to assess whether the company can meet its obligations without additional financing.