57,500,000 Facility Agreement dated 5 July 2010 (the “Agreement”) to Beta Elephant Inc

Exhibit 4.14

Transfer Certificate

To: Deutsche Bank Luxembourg S.A. as Agent

From: Deutsche Bank AG, London Branch (the Existing Lender) and VLCC B Investment L.L.C. (the New Lender)

Dated: 15 July 2010

$57,500,000 Facility Agreement dated 5 July 2010 (the “Agreement”) to Beta Elephant Inc

1 We refer to the Agreement. This is a Transfer Certificate. Terms defined in the Agreement have the same meaning in this Transfer Certificate unless given a different meaning in this Transfer Certificate.

2 We refer to clause 28.5 (Procedure for transfer):

(a) The Existing Lender and the New Lender agree to the Existing Xxxxxx assigning to the New Lender all of the Existing Xxxxxx’s Commitment rights and assuming the Existing Xxxxxx’s obligations referred to in the Schedule in accordance with clause 28.5 (Procedure for transfer) and the Existing Lender assigns and agrees to assign such rights to the New Lender with effect from the Transfer Date.

(b) The proposed Transfer Date is 15 July 2010.

(c) The Facility Office and address, fax number and attention details for notices of the New Lender for the purposes of clause 35.2 (Addresses) are set out in the Schedule.

3 The New Lender expressly acknowledges the limitations on the Existing Xxxxxx’s obligations set out in clause 28.4.3 (Limitation of responsibility of Existing Lenders).

4 This Transfer Certificate may be executed in any number of counterparts and this has the same effect as if the signatures on the counterparts were on a single copy of this Transfer Certificate.

This Transfer Certificate and any non-contractual obligations connected with it are governed by English law.

The Schedule

The New Lender

Name		VLCC B Investment L.L.C.
Commitment $		57,500,000
Commitment to be assigned $		57,500,000
Facility office, address, fax number and attention details for notices		c/o Teekay Shipping (Canada) Ltd. Suite 2000, Bentall 0 000 Xxxxxxx Xxxxxx Xxxxxxxxx, Xxxxxxx Xxxxxxxx Xxxxxx X0X 0X0 Fax: x0 000-000-0000 Attention: Vice President, Finance
Account Details		Bank:		Citibank NA — New York Branch
		Address:		New York, NY
		ABA:		00000000
		SWIFT:		XXXXXX00
		Beneficiary Name:		Teekay Tankers Ltd.
		Bank Account #:		[XXX]
		Currency:		USD
TOTAL		57,500,000

Deutsche Bank AG, London Branch				VLCC B Investment L.L.C.
By:				By:

This Transfer Certificate is accepted by the Agent and the Transfer Date is confirmed to be as stated above.

Deutsche Bank Luxembourg S.A.

By: