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Accrued Liabilities and Other and Other Long-Term Liabilities
12 Months Ended
Dec. 31, 2019
Payables and Accruals [Abstract]  
Accrued Liabilities and Other and Other Long-Term Liabilities
7. Accrued Liabilities and Other and Other Long-Term Liabilities
Accrued Liabilities and Other
 
December 31, 2019
$
 
December 31, 2018
$
Accrued liabilities
 
 
 
Voyage, vessel and corporate expenses
121,937

 
98,135

Interest
29,371

 
47,731

Payroll and related liabilities
33,494

 
34,849

Distributions payable and other
6,487

 
6,426

Deferred revenues and gains  current (note 2)
36,242

 
30,108

In-process revenue contracts  current
5,933

 
5,930

Current portion of derivative liabilities (note 16)
39,263

 
12,205

Office lease liability – current (note 1)
3,627

 

 
276,354

 
235,384


Other Long-Term Liabilities
 
December 31, 2019
$
 
December 31, 2018
$
Deferred revenues and gains (note 2)
28,612

 
31,324

Guarantee liabilities
10,113

 
9,434

Asset retirement obligation
31,068

 
27,759

Pension liabilities
7,238

 
4,847

In-process revenue contracts
11,866

 
17,800

Derivative liabilities (note 16)
51,914

 
56,352

Unrecognized tax benefits (note 22)
62,958

 
40,556

Office lease liability – long-term (note 1)
10,254

 

Other
2,325

 
1,325

 
216,348

 
189,397


In-Process Revenue Contracts
As part of the Company’s previous acquisition of FPSO units from Petrojarl ASA (subsequently renamed Teekay Petrojarl AS, or Teekay Petrojarl), the Company assumed a certain FPSO contract with terms that were less favorable than the then prevailing market terms. At the time of the acquisition, the Company recognized a liability based on the estimated fair value of this contract and service obligation. The Company is amortizing the remaining liability over the estimated remaining term of its associated contract on a weighted basis, based on the projected revenue to be earned under the contract.

Amortization of in-process revenue contracts for the year ended December 31, 2019 was $5.9 million (2018 $14.5 million, 2017 $27.2 million), which is included in revenues on the consolidated statements of loss. Amortization of in-process revenue contracts following 2019 is expected to be $5.9 million (2020), $5.9 million (2021) and $5.9 million (2022).