EXECUTION VERSION
 FIFTH AMENDED AND RESTATED
 LIMITED PARTNERSHIP AGREEMENT
 OF
 K-SEA TRANSPORTATION PARTNERS L.P.
 JULY 1, 2011




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TABLE OF CONTENTS
 PageARTICLE I DEFINITIONS
    
    
    2Section 1.1.
    
    Act
    
    
    2Section 1.2.
    
    Assignee
    
    
    2Section 1.3.
    
    Code
    
    
    2Section 1.4.
    
    General Partner
    
    
    2Section 1.5.
    
    Limited Partner
    
    
    2Section 1.6.
    
    Partners
    
    
    2Section 1.7.
    
    Partnership Assets
    
    
    2Section 1.8.
    
    Percentage Interest
    
    
    2Section 1.9.
    
    Person
    
    
    2ARTICLE II THE PARTNERSHIP
    
    
    3Section 2.1.
    
    Formation
    
    
    3Section 2.2.
    
    Partnership Name and Offices
    
    
    3Section 2.3.
    
    Registered Office and Registered Agent
    
    
    3Section 2.4.
    
    Purpose
    
    
    3Section 2.5.
    
    Term
    
    
    3Section 2.6.
    
    Independent Activities
    
    
    3Section 2.7.
    
    Title to Property
    
    
    3ARTICLE III PARTNERSHIP INTERESTS; CAPITAL CONTRIBUTIONS
    
    
    3Section 3.1.
    
    General Partner
    
    
    3Section 3.2.
    
    Limited Partners
    
    
    3Section 3.3.
    
    Additional Assessments
    
    
    3ARTICLE IV ALLOCATIONS; DISTRIBUTIONS
    
    
    4Section 4.1.
    
    Allocations
    
    
    4Section 4.2.
    
    Assignor-Assignee Allocations
    
    
    4Section 4.3.
    
    Distributions
    
    
    4ARTICLE V RIGHTS, OBLIGATIONS, WITHDRAWAL AND REMOVAL OF GENERAL PARTNER
    
    
    4Section 5.1.
    
    Management
    
    
    4Section 5.2.
    
    Officers And Employees
    
    
    4Section 5.3.
    
    Operating Divisions
    
    
    5Section 5.4.
    
    Certificates
    
    
    5Section 5.5.
    
    Compensation and Reimbursement of General Partner
    
    
    6Section 5.6.
    
    Transactions with General Partner
    
    
    6Section 5.7.
    
    Withdrawal or Removal of General Partner
    
    
    6ARTICLE VI RIGHTS AND OBLIGATIONS OF THE LIMITED PARTNERS
    
    
    6Section 6.1.
    
    Limited Liability
    
    
    6




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PageSection 6.2.
    
    Management of Business
    
    
    6Section 6.3.
    
    Return of Capital
    
    
    6Section 6.4.
    
    Examination of Partnership Records
    
    
    7ARTICLE VII ACCOUNTING
    
    
    7Section 7.1.
    
    Fiscal Year
    
    
    7Section 7.2.
    
    Books of Account
    
    
    7ARTICLE VIII DURATION AND DISSOLUTION
    
    
    7Section 8.1.
    
    Dissolution
    
    
    7Section 8.2.
    
    Liquidation
    
    
    7ARTICLE IX INDEMNIFICATION AND INSURANCE
    
    
    8Section 9.1.
    
    Indemnification and Advance of Expenses
    
    
    8Section 9.2.
    
    Insurance
    
    
    9ARTICLE X MISCELLANEOUS PROVISIONS
    
    
    9Section 10.1.
    
    Notices
    
    
    9Section 10.2.
    
    Execution in Counterparts
    
    
    10Section 10.3.
    
    Amendment
    
    
    10Section 10.4.
    
    Waiver of Right to Partition
    
    
    10Section 10.5.
    
    Successors and Assigns
    
    
    10Section 10.6.
    
    Governing Law
    
    
    10Section 10.7.
    
    Number; Gender
    
    
    10Section 10.8.
    
    Sections; Exhibits
    
    
    10Section 10.9.
    
    Execution in Writing
    
    
    10




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FIFTH AMENDED AND RESTATED
LIMITED PARTNERSHIP AGREEMENT OF
K-SEA TRANSPORTATION PARTNERS L.P.
   ARTICLE I
DEFINITIONS
 Act
 Assignee
 Code
 General Partner
 Limited Partner
 Partners
 Partnership Assets
 Percentage Interest
 Person
 -2-




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ARTICLE II
THE PARTNERSHIP
 Partnership Name and Offices
 Registered Office and Registered Agent
 Purpose
 Term
 Independent Activities
 Title to Property
 ARTICLE III
PARTNERSHIP INTERESTS; CAPITAL CONTRIBUTIONS
 General Partner
 Limited Partners
 Additional Assessments
 3




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ARTICLE IV
ALLOCATIONS; DISTRIBUTIONS
 Allocations
 Assignor-Assignee Allocations
 Distributions
 ARTICLE V
RIGHTS, OBLIGATIONS, WITHDRAWAL
AND REMOVAL OF GENERAL PARTNER
 Management
    Officers And Employees .
  4




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President
 Vice Presidents
 Secretary
 Treasurer
 Operating Divisions
 Certificates
 5




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Compensation and Reimbursement of General Partner
   Transactions with General Partner
 Withdrawal or Removal of General Partner
   ARTICLE VI
RIGHTS AND OBLIGATIONS OF THE LIMITED PARTNERS
 Limited Liability
 Management of Business
 Return of Capital
 6




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Examination of Partnership Records
 ARTICLE VII
ACCOUNTING
 Fiscal Year
 Books of Account
 ARTICLE VIII
DURATION AND DISSOLUTION
 Dissolution
 Liquidation
      7




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ARTICLE IX
INDEMNIFICATION AND INSURANCE
 Indemnification and Advance of Expenses
    8




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Insurance .
 ARTICLE X
MISCELLANEOUS PROVISIONS
 Notices
  
  
  
 9




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Execution in Counterparts
 Amendment
 Waiver of Right to Partition
 Successors and Assigns
 Governing Law
 Number; Gender
 Sections; Exhibits
 Execution in Writing
 10




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GENERAL PARTNER:
KSP HOLDING SUB, LLCBy:
    /s/ David W. GrzebinskiDavid W. Grzebinski, ManagerLIMITED PARTNER:
KSP LP SUB, LLCBy:
    /s/ David W. GrzebinskiDavid W. Grzebinski, Manager