| (1)   | SHIP FINANCE INTERNATIONAL      LIMITED (the "Company"); |
|-----------------|----------------------------------------------------------|

| (2)   | THE VESSEL OWNING SUBSIDIARIES      LISTED IN SCHEDULE A HERETO (the "Owners"); |
|-----------------|---------------------------------------------------------------------------------|

| (3)   | FRONTLINE LTD. ("Frontline");      and |
|-----------------|----------------------------------------|

| (4)   | FRONTLINE SHIPPING      LIMITED (the "Charterer"). |
|-----------------|----------------------------------------------------|

| (A)   | The      Parties are parties to the Agreement, setting forth, inter alia, the terms      of certain arrangements supporting and securing the Charterer's ability to      pay charter hire under separate charterparties between the Charterer and      each of the Owners. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (B)   | Under      the terms of the Agreement, the Charterer has established a Charter      Service Reserve (as more specifically defined in the      Agreement). |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------|

| (C)   | The      Parties have subsequently agreed to make certain changes to the Agreement      and the Performance Guarantee, notably by reducing the Minimum Reserve      (and thus allowing the Charterer to return funds to Frontline), expanding      Frontline's obligations under the Performance Guarantee to include a      guarantee for the Charterer's obligations to pay Charter Hire and reducing      Frontline's obligations under the Performance Guarantee by removing      Frontline Management's obligations under the Management Agreements and the      Administrative Service Agreement from the guaranteed      obligations. |
|-----------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (D)   | This      Addendum No. 6 is entered into in order to document the changes to the      Agreement. |
|-----------------|--------------------------------------------------------------------------------------------------|

| 1.   | DEFINITIONS |
|----------------|-------------|

| 2.   | AMENDMENTS |
|----------------|------------|

| (a)   | Definition      of "Cash Deposit" |
|-----------------|-----------------------------------|

----

| (b)   | Definition      of "Cash Equivalents" |
|-----------------|---------------------------------------|

| (c)   | "Charter      Service Reserve” |
|-----------------|--------------------------------------|

| (d)   | Definition      of "Event of Default" |
|-----------------|---------------------------------------|

| (e)   | Definition      of "Minimum Reserve" |
|-----------------|--------------------------------------|

| (f)   | Definition      of "Performance Guarantee" |
|-----------------|--------------------------------------------|

| (g)   | Changes      to the sixth Recital to theAgreement |
|-----------------|---------------------------------------------------|

----

| (h)   | Changes      to Section 2.1 (Charter ServiceReserve) |
|-----------------|------------------------------------------------------|

| (i)   | Changes      to Section 2.2 (Negative covenants of the  Charterer) |
|-----------------|--------------------------------------------------------------------|

| (j)   | Changes      to Section 2.3 (Covenants ofFrontline) |
|-----------------|-----------------------------------------------------|

| (k)   | Changes      to Section 2.4 (Financial Statements and Other  Information) |
|-----------------|---------------------------------------------------------------------------|

----

| (a)   | as      soon as the same becomes available, but in any event within 180 days after      the end of each financial year, Frontline's audited financial statements      for that financial year; |
|-----------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (b)   | as      soon as the same becomes available, but in any event within 60 days after      the end of each financial quarter, Frontline’s unaudited quarterly      financial statements; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (c)   | all      public documents dispatched by Frontline to the New York Stock Exchange      and/or the Oslo Stock Exchange as soon as possible after they are      dispatched; |
|-----------------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (d)   | promptly,      such further information regarding any of Frontline's or the Charterer's      financial condition, business and operations as the Company and/or its      lenders may reasonably request." |
|-----------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| (l)   | Changes      to Section 2.5 of the Agreement |
|-----------------|----------------------------------------------|

| (m)   | Changes      to Article III of the Agreement |
|-----------------|----------------------------------------------|

| (n)   | Changes      to Section 4.3 of the Agreement |
|-----------------|----------------------------------------------|

| (o)   | Changes      to Section 5.1 of the Agreement |
|-----------------|----------------------------------------------|

----

| 3.   | ADDENDUM      NO. 5 |
|----------------|---------------------|

| 4.   | MISCELLEANEOUS |
|----------------|----------------|

| For      and on behalf ofSHIP      FINANCE INTERNATIONAL LIMITED  ________________________________Signature ________________________________Name      with block letters | For      and on behalf ofFRONTLINE      LTD.  ________________________________Signature ________________________________Name      with block letters |   |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|

----

| For      and on behalf ofFRONT      PRIDE SHIPPING INC.FRONT      SPLENDOUR SHIPPING INC.FRONT      GLORY SHIPPING INC.FRONT      ARDENNE INC.BOLZANO      PRIVATE LIMITEDFRONT      BRABANT INC.GOLDEN      SEAWAY CORP.GOLDEN      FJORD CORP.GOLDEN      ESTUARY CORP.FRONT      OPALIA INC.GOLDEN      TIDE CORP.FRONT      SCILLA INC.ARIAKE      TRANSPORT CORPORATIONFRONT      STRATUS INC.FRONT      SAGA INC.FRONT      SERENADE INC.FRONT      FALCON CORP.HITACHI      HULL 4983 LTD.FRONT      LAPAN PRIVATE LIMITEDTRANSCORP      PTE LTDBONFIELD      SHIPPING LIMITEDFRONT      SEMBILAN PRIVATE LIMITEDKATONG      INVESTMENTS LIMITEDASPINALL      PTE LTDRETTIE      PTE LTDBLIZANA      PTE LTD   ________________________________Signature ________________________________Name      with block letters | For      and on behalf ofFRONTLINE      SHIPPING LIMITED       ________________________________Signature  ________________________________Name      with block letters |
|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

|   | Front      Pride Shipping Inc.      |
|--------|-------------------------------------|
|   | Front      Splendour Shipping Inc.  |
|   | Front      Glory Shipping Inc.      |
|   | Front      Ardenne Inc.             |
|   | Bolzano      Private Limited        |
|   | Front      Brabant Inc.             |
|   | Golden      Seaway Corp.            |
|   | Golden      Fjord Corp.             |
|   | Golden      Estuary Corp.           |
|   | Front      Opalia Inc.              |
|   | Golden      Tide Corp.              |
|   | Front      Scilla Inc.              |
|   | Ariake      Transport Corporation   |
|   | Front      Stratus Inc.             |
|   | Front      Saga Inc.                |
|   | Front      Serenade Inc.            |
|   | Front      Falcon Corp.             |
|   | Hitachi      Hull 4983 Ltd.         |
|   | Front      Lapan Private Limited    |
|   | Transcorp      Pte Ltd              |
|   | Bonfield      Shipping Limited      |
|   | Front      Sembilan Private Limited |
|   | Katong      Investments Limited     |
|   | Aspinall      Pte Ltd               |
|   | Rettie      Pte Ltd                 |
|   | Blizana      Pte Ltd                |

----

| Nordea      Bank Norge ASAMiddelthuns      gate 17P.O.      Box 1166 SentrumNO-0107      OsloNorwayAtt:      Peder SimonsenEmail:      peder.simonsen@nordea.comFax:      +47 22 48 54 87                                                                                                                                                                                                                                                                                     |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Crédit      Agricole CIB9      quai du President Paul Doumer92920      Paris La DefenseFranceAtt:      Loan Administration – Shipping / Sylvie GodetFax:    +33      1 41 89 19 34 Copy      to: Credit      Agricole CIBRuseløkkvn.      6P.O.      Box 1675 VikaN-0120      OsloNorwayAtt:     Tobias      GiljeEmail:      tobias.gilje@ca-cib.comFax:    +47      22 01 06 51  |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| Fortis      Bank (Nederland) N.V.Olav      V's gate 5N-0161      OsloNorwayAtt:      Bjørn Flaate / Kari TrondsenEmail:      bjorn.flaate@fortisbank.no / kt@fortisbank.noFax:      +47 23 11 49 40                                                                                                                                                                                                                                                                      |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
| ING      Bank N.V.Location      AMP D06.039P.O.      Box 18001000      BV Amsterdamthe      Netherlands Att:      Remco StegerEmail:      remco.steger@ingbank.comFax:      +31 20 5658210                                                                                                                                                                                                                                                                               |
|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |

----

| Skandinaviska      Enskilda Banken AB (publ)Filipstad      Brygge 1N-0123      OsloNorwayAtt:      Johan RasmussenEmail:      johan.rasmussen@seb.noFax:      +4722827131                                                                                                                                                                      |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                                                                                                     |
| Scotiabank      Europe PlcScotioa      House33      Finsbury SquareLondon      EC2A 1BBUKAtt:      David SparkesEmail:      david_sparkes@scotiacapital.comFax:      +44 207 826 5987                                                                                                                                                          |
|                                                                                                                                                                                                                                                                                                                                                     |
| BNP      ParibasBNP      Paribas Oslo BranchP.B.      106 Sentrum0154      OsloNorwayAtt:      Pierre De Fontenay / Evariste BeauEmail:      pierre.defontenay@bnpparibas.com /      evariste.beau@bnpparibas.comFax:      +47 22 82 95 76                                                                                                     |
|                                                                                                                                                                                                                                                                                                                                                     |
| Citibank      N.A. LondonTordenskioldsgate      8-100160      OsloNorwayAtt:      Frithiof WilhelmsenEmail:      frithiof.wilhelmsen@citi.comFax:      +47 22 00 96 22 Copy      to: 33      Canada SquareCanary      WharfLondon      E14 5LBUKAtt:      Simon BoothEmail:      simon.booth@citi.comFax:      +44 (0) 20 7098 4327  |
|                                                                                                                                                                                                                                                                                                                                                     |
| Fokus      Bank - Norwegian Branch of Danske Bank A/SP.O.      Box 1170 SentrumN-0107      OsloNorwayAtt:      Tom Erik Vågen / Anne-Gry KesselEmail:      tv@fokus.no / annebj@fokus.noFax:      + 47 85 40 79 69                                                                                                                        |
|                                                                                                                                                                                                                                                                                                                                                     |

----

| ITF      International Transport Finance Suisse AGWasserverkstrasse      12CH.8006      ZurichSwitzerlandAtt:      Mr. Alexander SchaffertEmail:      alexander.schaffert@itf-suisse.comFax:      +41 44 3656 214                                               |
|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                                                                                                                                                                                                                                                      |
| Lloyds      TSB Bank Plc33      Old Borad StreetLondonAtt:      Piragash Sivanesan , David Sumner, Tony StevensEmail:      Piragash.Sivanesan@lloydsbanking.com, David.sumner@lloydsbanking.com,      Tony.Stevens@lloydsbanking.comFax:      +44 20 7158 3273  |
|                                                                                                                                                                                                                                                                      |
| NIBC      Bank N.V.Carnegieplein      42517      KJThe      HagueThe      NetherlandsAtt:      Jan-Willem SchellingerhoutEmail:jan-willem.schellingerhout@nibc.comFax:      +31 (0) 70 342 5577                                                                 |
|                                                                                                                                                                                                                                                                      |
| Swedbank      AB (publ)Marine      Finance, E 721Regeringsgatan      13SE-105 34 StockholmSwedenAtt:      Dagobert Billstein / Karin NilssonEmail:      dagobert.billsten@swedbank.se / karin.nilsson@swedbank.seFax:      +46 8 723 71 50                           |
|                                                                                                                                                                                                                                                                      |