GLOSSARY

Head Charterer

Head Charterer means any entity acting as head charterer under an Existing Charter and any entity acting as disponent owner under any Charter in respect of a Teekay Vessel from time to time.

What is Head Charterer?

Head Charterer means any entity acting as head charterer under an Existing Charter and any entity acting as disponent owner under any Charter in respect of a Teekay Vessel from time to time. Head Charterer in respect of certain Collateral Vessels only, means either UNS, TKN, Petrojarl UK or TNOL as identified against the names of the relevant Collateral Vessels in Schedule 6.

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