Exhibit 10.2

INCREASED COMMITMENT SUPPLEMENT

This INCREASED COMMITMENT SUPPLEMENT (this “Supplement”) is dated as of July 12,
2007 (the “Supplement Effective Date”), and entered into by and among
TransMontaigne Operating Company L.P., a Delaware limited partnership (the
“Borrower”), each of the other financial institutions which is a signatory
hereto (the “Lenders”), Wachovia Bank, National Association, as administrative
agent for itself and the Lenders (in such capacity, together with its successors
in such capacity, the “Agent”), and is made with reference to that certain
Amended and Restated Senior Secured Credit Facility dated as of December 22,
2006, as amended by that certain First Amendment to Amended and Restated Senior
Secured Credit Facility dated as of the date hereof (as amended, restated,
modified, or supplemented from time to time, the “Credit Agreement”), by and
among the Borrower, certain lenders, and the Agent. Capitalized terms used
herein without definition shall have the same meanings herein as set forth in
the Credit Agreement.

RECITALS

WHEREAS, pursuant to Section 2.2(c)(ii) of the Credit Agreement, the Borrower,
the Agent, and the Lenders are entering into this Increased Commitment
Supplement to provide for the increase of the aggregate Revolving Credit
Commitments;

WHEREAS, each Lender party hereto and already a party to the Credit Agreement
wishes to increase its Revolving Credit Commitment; and

WHEREAS, the Lenders are willing to agree to supplement the Credit Agreement in
the manner provided herein.

NOW, THEREFORE, in consideration of the premises and the agreements, provisions
and covenants herein contained, the parties hereto agree as follows:

Section 1.                                            Increase in Revolving
Credit Commitments. Subject to the terms and conditions hereof, each Lender
severally agrees that its Revolving Credit Commitment shall be increased to the
amount set forth on the books and records maintained by Agent as determined by
Agent based on the commitment letters from the Lenders received by Agent on or
about June 15, 2007.

Section 2.                                            Conditions to
Effectiveness. This Supplement shall be effective upon the satisfaction or
waiver by the Agent in its reasonable discretion, of the following conditions
precedent:

(1)                                  Executed Supplement and First Amendment to
Credit Agreement.  Receipt by the Agent of duly executed counterparts of (a)
this Supplement by the Borrower and each Lender which is increasing its
Revolving Credit Commitment hereunder and (b) the First Amendment to Amended and
Restated Senior Secured Credit Facility by and among the Borrower, Agent, and
Required Lenders.

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(2)                                  Officer’s Certificates.  Receipt by the
Agent of a certificate or certificates of Partners executed by an Executive
Officer as of the Supplement Effective Date, stating that (A) no Default or
Event of Default exists or will exist (as a result of the execution and delivery
of this Supplement), (B) all representations and warranties contained herein and
in the other Credit Documents are, and will remain through the Supplement
Effective Date to be, true and correct in all material respects, and (C) each of
the conditions set forth in this Section 2 has been satisfied.

(3)                                  Organizational Documents.  Receipt by the
Agent of the following:

(i)                                     Charter Documents.  Copies of the
Partners’ Partnership Agreement and articles or certificates of incorporation,
limited partnership, or other formation or charter documents of each Credit
Party, General Partner, and Operating GP, in each case certified to be true and
complete as of a recent date by the appropriate Governmental Authority of the
state or other jurisdiction of its incorporation or organization and certified
by an applicable secretary, assistant secretary, manager, general partner, or
other Person acceptable to Agent to be true and correct as of the Supplement
Effective Date.

(ii)                                  Bylaws or Similar Documents.  A copy of
the bylaws, limited partnership agreement, operating agreement, or similar
agreement of each Credit Party, General Partner, and Operating GP, in each case
certified by a secretary, assistant secretary, manager, general partner, or
other Person acceptable to Agent to be true and correct as of the Supplement
Effective Date.

(iii)                               Resolutions.  Copies of resolutions of the
Board of Directors, managers, members, or similar managing body of each Credit
Party, General Partner, and Operating GP approving and adopting the Credit
Documents to which it is a party or which it will execute on behalf of another
party, the transactions contemplated therein and authorizing execution and
delivery thereof, in each case certified by a secretary, assistant secretary,
manager, general partner, or other Person acceptable to Agent to be true and
correct and in force and effect as of the Supplement Effective Date.

(iv)                              Good Standing.  Copies of certificates of good
standing, existence or its equivalent with respect to each Credit Party, General
Partner, and Operating GP certified as of a recent date by the appropriate
Governmental Authorities of the state or other jurisdiction of incorporation or
organization.

(4)                                  Opinions of Counsel.  Receipt by the Agent
of an opinion, or opinions (which shall cover, among other things, authority,
legality, validity, binding effect, no conflicts with organization documents or
other agreements, and enforceability) reasonably satisfactory to the Agent,
addressed to the Agent and the Lenders and dated the Supplement Effective Date,
from legal counsel to the Credit Parties.

(5)                                  Fees and Expenses.  Payment by the Borrower
of all expenses owed by the Borrower to the Agent, including the reasonable fees
and expenses of Agent’s counsel.

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(6)                                  Consent and Reaffirmation of Guarantors. 
Receipt by the Agent of duly executed counterparts of the Consent and
Reaffirmation of the Guarantors, at the end hereof, executed and delivered by
the Guarantors.

(7)                                  Lender Reallocation Agreement.  If deemed
reasonably necessary by Agent, receipt by the Agent of duly executed
counterparts of an agreement by each Lender providing for the purchase and sale
of Revolving Loans in an amount necessary to place the aggregate outstanding
amount of such Lender’s Revolving Loans in proportion to its Revolving Credit
Commitment Percentage.

(8)                                  Other.  Receipt by the Lenders of such
other documents, instruments, agreements or information as reasonably requested
by any Lender increasing its Revolving Credit Commitment hereunder.

Section 3.                                            Real Property Collateral. 
On or before September 12, 2007, or at such later time as determined by the
Agent in its sole discretion, the Borrower shall deliver to the Agent (i)
executed amendments to existing Mortgages reflecting the increased Revolving
Credit Commitments,  (ii) endorsements to existing title policies covering the
real property subject to such Mortgages, to the extent the Agent requires such
endorsement to any particular policy, (iii) evidence that any and all Taxes with
respect to the filing of such amendments, if any, have been paid, (iv) local
opinions of counsel with respect to such amendments, and (v) such other
documents, instruments, agreements or information as reasonably requested by the
Agent in connection therewith, all of which shall be in form and substance
satisfactory to the Agent in its reasonable discretion.

Section 4.                                            Eurodollar Loans.   To the
extent any Eurodollar Loans are outstanding as of the Supplement Effective Date,
Borrower agrees to indemnify the Lenders as provided in Section 4.10 of the
Credit Agreement.

Section 5.                                            Representations and
Warranties.  To induce the Lenders to enter into this Supplement and to
supplement the Credit Agreement in the manner provided herein, the Borrower
represents and warrants to the Agent and each Lender that (a) the
representations and warranties of the Borrower contained in the Credit Agreement
and the other Credit Documents are and will be true, correct, and complete in
all material respects on and as of the Supplement Effective Date, to the same
extent as though made on and as of that date and for that purpose, this
Supplement shall be deemed to be a Credit Document, and (b) no event has
occurred and is continuing or will result from the consummation of the
transactions contemplated by this Supplement that would constitute a Default or
Event of Default. Not in limitation of the foregoing, the Borrower hereby
restates and renews each and every representation and warranty heretofore made
by it in the Credit Agreement and the other Credit Documents as fully as if made
on the date hereof and with specific reference to this Supplement and all other
documents executed and/or delivered in connection herewith.  In this regard, for
purposes of this Section, each and every reference to Closing Date in Article VI
of the Credit Agreement shall be deemed a reference to the Supplement Effective
Date.  The Borrower shall update each schedule to the Credit Agreement and each
other Credit Document to the extent necessary to make any representation and
warranty with respect thereto in the Credit Agreement or other Credit Document
true and correct as of the date hereof by attaching such updated schedule
hereto,

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which updated schedule will replace the corresponding schedule to the Credit
Agreement or other applicable Credit Document as of the date hereof.

Section 6.                                            Effect of Supplement. The
terms and provisions set forth in this Supplement shall modify and supersede all
inconsistent terms and provisions set forth in the Credit Agreement and except
as expressly modified and superseded by this Supplement, the terms and
provisions of the Credit Agreement and the other Credit Documents are ratified
and confirmed and shall continue in full force and effect. The Borrower, the
Agent, and the Lenders party hereto agree that the Credit Agreement as
supplemented hereby and the other Credit Documents shall continue to be legal,
valid, binding, and enforceable in accordance with their respective terms.  Any
and all agreements, documents, or instruments now or hereafter executed and
delivered pursuant to the terms hereof or pursuant to the terms of the Credit
Agreement as supplemented hereby, are hereby amended so that any reference in
such documents to the “Agreement” or “Credit Agreement” shall mean a reference
to the “Agreement” or “Credit Agreement” as supplemented hereby.

Section 7.                                            Applicable Law.  This
Supplement shall be governed by, and construed in accordance with, the laws of
the State of New York, other than those conflict of law provisions that would
defer to the substantive laws of another jurisdiction.  This governing law
election has been made by the parties in reliance (at least in part) on
Section 5-1401 of the General Obligations Law of the State of New York, as
amended (as and to the extent applicable), and other applicable law.

Section 8.                                            Counterparts,
Effectiveness.  This Supplement may be executed in any number of counterparts,
by different parties hereto in separate counterparts and on telecopy
counterparts, each of which when so executed and delivered shall be deemed an
original, but all such counterparts together shall constitute but one and the
same instrument; signature pages may be detached from multiple separate
counterparts and attached to a single counterpart so that all signature pages
are physically attached to the same document, and each of the parties hereto
acknowledges that only the Agent shall receive and maintain a fully executed
copy of this Supplement. This Supplement (other than the provisions of Section 1
hereof, the effectiveness of which is governed by Section 3 hereof) shall become
effective upon the execution of a counterpart hereof by the Borrower, the Agent,
and the Lenders.

Section 9.                                            ENTIRE AGREEMENT. THIS
SUPPLEMENT EMBODIES THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES RELATING TO
THE SUBJECT MATTER HEREOF AND SUPERSEDES ANY AND ALL PREVIOUS COMMITMENTS,
AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER ORAL OR WRITTEN,
RELATING TO THE SUBJECT MATTER HEREOF AND MAY NOT BE CONTRADICTED OR VARIED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS
OF THE PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES
HERETO. ORAL AGREEMENTS OR COMMITMENTS TO LOAN MONEY, EXTEND CREDIT OR TO
FOREBEAR FROM ENFORCING REPAYMENT OF A DEBT INCLUDING PROMISES TO EXTEND OR
RENEW SUCH DEBT ARE NOT ENFORCEABLE. TO PROTECT THE BORROWER, THE AGENT AND THE
LENDERS FROM MISUNDERSTANDING OR DISAPPOINTMENT, ANY AGREEMENTS REACHED

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COVERING SUCH MATTERS ARE CONTAINED IN THIS WRITING, WHICH IS THE COMPLETE AND
EXCLUSIVE STATEMENT OF THE AGREEMENT BETWEEN THE PARTIES, EXCEPT AS THEY MAY
LATER AGREE IN WRITING TO MODIFY IT.

 

[SIGNATURES ON FOLLOWING PAGES]

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IN WITNESS WHEREOF, the parties hereto have caused this Supplement to be duly
executed and delivered by their respective officers thereunto duly authorized as
of the date first written above.

 

TRANSMONTAIGNE OPERATING COMPANY

 

 

L.P.

 

 

 

 

 

By:

TransMontaigne Operating GP L.L.C., its sole

 

 

 

general partner

 

 

 

 

 

 

 

 

 

By:

/s/ Frederick W. Boutin

 

 

 

Name: Frederick W. Boutin

 

 

 

Title: Senior Vice President

 

 

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WACHOVIA BANK, NATIONAL

 

 

ASSOCIATION, as

 

 

Agent and a Lender

 

 

 

 

 

 

 

 

By:

/s/ illegible

 

 

Name:

 

 

Title:

 

 

 

 

 

 

 

 

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BANK OF AMERICA, N.A.,

 

 

as a Syndication Agent and a Lender

 

 

 

 

 

 

 

 

By:

/s/ Jeffrey H. Rathkamp

 

 

 

Name:

Jeffrey H. Rathkamp

 

 

 

Title:

Managing Director

 

 

 

 

 

 

 

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JPMORGAN CHASE BANK, N.A.,

 

 

as a Syndication Agent and a Lender

 

 

 

 

 

 

 

 

By:

/s/ Tara Narasiman

 

 

 

Name:

Tara Narasiman

 

 

 

Title:

Associate

 

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BNP PARIBAS,

 

 

as a Documentation Agent and a Lender

 

 

 

 

 

 

 

 

By:

/s/ Prisca Owens

 

 

 

Name:

Prisca Owens

 

 

 

Title:

Director

 

 

 

 

 

 

 

 

By:

/s/ Andrew Stratos

 

 

 

Name:

Andrew Stratos

 

 

 

Title:

Vice President

 

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SOCIÉTÉ GÉNÉRALE, NEW YORK BRANCH,

 

 

as a Documentation Agent and a Lender

 

 

 

 

 

 

 

 

By:

/s/ Emanuel Chesneau

 

 

 

Name:

Emanuel Chesneau

 

 

 

Title:

Managing Director

 

 

 

 

 

 

 

 

By:

/s/ Chung-Taek Oh

 

 

 

Name:

Chung-Taek Oh

 

 

 

Title:

Vice President

 

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WELLS FARGO BANK, N.A.,

 

 

as a Lender

 

 

 

 

 

 

 

 

By:

/s/ Sushim Shah

 

 

 

Name:

Sushim Shah

 

 

 

Title:

Vice President

 

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U.S. BANK NATIONAL ASSOCIATION,

 

 

as a Lender

 

 

 

 

 

 

 

 

By:

/s/ Monte E. Deckerd

 

 

 

Name:

Monte E. Deckerd

 

 

 

Title:

Vice President

 

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MERRILL LYNCH CAPITAL, a division of

 

 

Merrill Lynch Business Financial Services Inc.,

 

 

as a Lender

 

 

 

 

 

 

 

 

By:

/s/ Gregory B. Hanson

 

 

 

Name:

Gregory B. Hanson

 

 

 

Title:

Vice President

 

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AMEGY BANK NATIONAL ASSOCIATION,

 

 

as a Lender

 

 

 

 

 

 

 

 

By:

/s/ Chris R. Peterson

 

 

 

Name:

Chris R. Peterson

 

 

 

Title:

Banking Officer

 

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BMO CAPITAL MARKETS FINANCING, INC.,
as a Lender

 

 

 

 

 

By:

/s/ Cahal Carmody

 

 

 

Name:

 Cahal Carmody

 

 

 

Title:

Vice President

 

 

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SUNTRUST BANK,
as a Lender

 

 

 

 

 

By:

/s/ David Edge

 

 

 

Name:

 David Edge

 

 

 

Title:

Managing Director

 

 

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UNION BANK OF CALIFORNIA, N.A.,
as a Lender

 

 

 

 

 

By:

/s/ Sean Murphy

 

 

 

Name:

 Sean Murphy

 

 

 

Title:

Vice President

 

 

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COMERICA BANK,
as a Lender

 

 

 

 

 

By:

/s/ Matthew J. Purchase

 

 

 

Name:

 Matthew J. Purchase

 

 

 

Title:

Vice President

 

 

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NATIONAL CITY BANK,
as a Lender

 

 

 

 

 

By:

/s/ Stephen Monto

 

 

 

Name:

 Stephen Monto

 

 

 

Title:

Vice President

 

 

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NATIXIS,
as a Lender

 

 

 

 

 

By:

/s/ Donovan C. Broussard

 

 

 

Name:

 Donovan C. Broussard

 

 

 

Title:

Managing Director

 

 

 

 

 

 

By:

/s/ Daniel Payer

 

 

 

Name:

 Daniel Payer

 

 

 

Title:

Director

 

 

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UBS LOAN FINANCE LLC,
as a Lender

 

 

 

 

 

By:

/s/ Richard L. Tavrow

 

 

 

Name:

 Richard L. Tavrow

 

 

 

Title:

Director

 

 

 

 

 

 

By:

/s/ Mary E. Evans

 

 

 

Name:

 Mary E. Evans

 

 

 

Title:

Associate Director

 

 

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CATERPILLAR FINANCIAL SERVICES CORPORATION,
as a Lender

 

 

 

 

 

By:

/s/ Michael A. Ward

 

 

 

Name:

 Michael A. Ward

 

 

 

Title:

Syndications Region Manager

 

 

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CONSENT AND REAFFIRMATION OF GUARANTORS

Each of the undersigned (i) acknowledges receipt of the foregoing Increased
Commitment Supplement (the “Supplement”), (ii) consents to the execution and
delivery of the Supplement by the parties thereto, and (iii) reaffirms all of
its obligations and covenants under that certain Full Recourse Guaranty
Agreement dated as of May 27, 2005, or the certain Limited Recourse Guaranty
Agreement dated as of December 29, 2006, as applicable, executed by it, or later
joined by it, and agrees that none of such obligations and covenants shall be
affected by the execution and delivery of the Supplement.  This Consent and
Reaffirmation may be executed in any number of counterparts and by different
parties hereto in separate counterparts, each of which when so executed and
delivered shall be deemed to be an original and all of which counterparts, taken
together, shall constitute but one and the same instrument.

July 12, 2007:

FULL RECOURSE GUARANTORS:

 

 

COASTAL TERMINALS L.L.C., a Delaware
limited liability company

 

 

 

 

 

By:

/s/ Randall J. Larson

 

 

Name:

Randall J. Larson

 

 

Title:

President and Chief Operating Officer

 

 

 

 

RAZORBACK L.L.C.,
a Delaware limited liability company

 

 

 

By:

/s/ Randall J. Larson

 

 

Name:

Randall J. Larson

 

 

Title:

President and Chief Operating Officer

 

 

 

 

TPSI TERMINALS L.L.C.,
a Delaware limited liability company

 

 

 

By:

/s/ Randall J. Larson

 

 

Name:

Randall J. Larson

 

 

Title:

President and Chief Operating Officer

 

 

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TLP FINANCE CORP.,
a Delaware corporation

 

 

 

By:

/s/ Randall J. Larson

 

 

Name:

Randall J. Larson

 

 

Title:

President and Chief Operating Officer

 

 

TLP OPERATING FINANCE CORP.,
a Delaware corporation

 

 

 

By:

/s/ Randall J. Larson

 

 

Name:

Randall J. Larson

 

 

Title:

President and Chief Operating Officer

 

 

 

 

 

 

 

 

 

LIMITED RECOURSE GUARANTOR:

 

 

 

TRANSMONTAIGNE PARTNERS L.P.,

 

 

By:

TransMontaigne GP L.L.C.,
its sole general partner

 

 

 

 

By:

/s/ Randall J. Larson

 

 

 

Name:

Randall J. Larson

 

 

 

Title:

President and Chief Operating Officer

 

 

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