v2.4.0.8
Related Party Transactions (Tables)
6 Months Ended
Jun. 30, 2013
Summary of Related Party Transactions
  Teekay and its wholly-owned subsidiary and the Company’s manager, Teekay Tankers Management Services Ltd. (the Manager), provide commercial, technical, strategic and administrative services to the Company. In addition, certain of the Company’s vessels participate in pooling arrangements that are managed in whole or in part by subsidiaries of Teekay (collectively the Pool Managers). The Company also has chartered out tankers to Teekay. For additional information about these arrangements, please read “Item 7 – Major Shareholders and Related Party Transactions – Related Party Transactions – Pooling Agreements” in our Annual Report on From 20-F for the year ended December 31, 2012. Amounts paid by the Company for such related party transactions for the periods indicated were as follows:

 

     Three Months
Ended
     Six Months Ended  
     June 30,
2013
     June 30,
2012
     June 30,
2013
     June 30,
2012
 
     $      $      $      $  

Time-charter revenues (i)

     3,671        3,671        7,302        7,342  

Pool management fees and commissions (ii)

     967        801        1,997        1,647  

Commercial management fees (iii)

     264        204        570        421  

Vessel operating expenses—crew training

     268        522        666        1,102  

Vessel operating expenses—technical management fee (iv)

     1,412        2,080        2,859        4,152  

General and administrative (v)

     2,717        1,041        5,446        2,017  

General and administrative—Dropdown Predecessor

     —          1,697        —          2,958  

Interest Expense—Dropdown Predecessor

     —          5,335        —          11,658