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                                                                   Exhibit 10.12

                   SUMMARY OF GENESIS ENERGY, INC. BONUS PLAN

The Genesis Energy, Inc. Bonus Plan is administered by the Compensation
Committee of the Board of Directors of Genesis Energy, Inc., the General Partner
of Genesis Energy, L.P. The Bonus Plan is at the discretion of the Compensation
Committee, and the General Partner can amend, change or cancel the Bonus Plan at
any time. The General Counsel of the General Partner is designated as the Plan
Administrator and is the person authorized to declare a Bonus or resolve
questions related to the Bonus Plan.

The Bonus Plan is based on the amount of money we generate for distributions to
our investors. We will make a contribution to the Bonus Pool every time we have
earned $1,619,793 of Available Cash (as defined in the Partnership Agreement)
excluding the effects of the bonus accrual made so far during the year for
bonuses. Each $1,619,793 earned is referred to as a "Bucket". If Genesis Energy,
L.P. issues additional Common Units, the Bucket Size will be increased
proportionally based on the number of additional Common Units issued. Whenever
we earn a Bucket, we will contribute a portion of that Bucket to the Bonus Pool.
For each additional Bucket, a larger percentage of the Bucket will be
contributed to the Bonus Pool. Contributions will be deducted from the Bonus
Pool if Available Cash earned for the year decreases. A maximum of nine Buckets
are available under the Bonus Plan. There will be no contribution for partial
Buckets.

Contributions to the Bonus Pool will be made in accordance with the following
schedule:

<TABLE>
<CAPTION>
                                                      Year-to-Date
                                                        Available             Year-to-Date
                                 Contribution          Cash before            Contributions
Bucket            Bucket           to Bonus               Bonus                    to
Number             Size              Pool                Accrual               Bonus Pool
------         ------------      ------------        --------------           -------------
<S>            <C>               <C>                 <C>                      <C>
   1           $  1,619,793      $     60,000        $    1,619,793              $   60,000
   2           $  1,619,793      $    120,000        $    3,239,586              $  180,000
   3           $  1,619,793      $    120,000        $    4,859,379              $  300,000
   4           $  1,619,793      $    240,000        $    6,479,172              $  540,000
   5           $  1,619,793      $    300,000        $    8,098,965              $  840,000
   6           $  1,619,793      $    360,000        $    9,718,758              $1,200,000
   7           $  1,619,793      $    360,000        $   11,338,551              $1,560,000
   8           $  1,619,793      $    360,000        $   12,958,344              $1,920,000
   9           $  1,619,793      $    360,000        $   14,578,137              $2,280,000
</TABLE>

The Bonus Pool will be distributed as follows:

-    Each eligible employee will receive a bonus after the end of the year equal
     to a specified percentage of their year-to-date gross wages. Certain
     compensation, such as car allowances and relocation expenses, will be
     excluded from the calculation. Each employee must be a regular, full-time
     active employee, not on probation, at the time the bonus is paid in order
     to receive a bonus. The date of payment of the bonuses is at the discretion
     of management, but bonuses will not be paid until after annual earnings
     have been released to the public.

-    There will be four levels of participation in the Plan. Employees in each
     level will be eligible for a bonus each year in accordance with the
     following table. The determination of what level applies to each employee
     will be made by the Compensation Committee based on the recommendation of
     the Chief Executive Officer. The Executive Officers and Directors will be
     included in Level Four.

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-    The percentage of adjusted year-to-date gross wages paid as a bonus will be
     a function of the number of Buckets earned during the year and the
     employee's Participation Level in the Bonus Plan. The bonus amount each
     employee is entitled to receive will be determined in accordance with the
     table shown below. The bonus may be adjusted up or down to reflect
     individual performance.

-    The total of all bonuses paid may not exceed the total Bonus Pool. Should
     the amount of bonuses calculated in accordance with the table below exceed
     the total Bonus Pool available, all calculated bonuses will be reduced
     proportionately. Should the adjusted amount of bonuses calculated in
     accordance with the table below be less than the Bonus Pool, the Bonus Pool
     shall be reduced to the calculated amount.

                              Cumulative Percentage

<TABLE>
<CAPTION>
Participation       1        2       3        4        5           6       7        8          9
    Level        Bucket   Buckets  Buckets  Buckets  Buckets    Buckets  Buckets  Buckets    Buckets
------------     ------   -------  -------  -------  -------    -------  -------  -------    -------
<S>              <C>      <C>      <C>      <C>      <C>        <C>      <C>      <C>        <C>
     One         0.495%     1.480%   2.470%   4.460%   6.000%     7.000%   8.000%   9.000%    10.000%
     Two         0.495%     1.480%   2.470%   4.460%   8.000%    11.000%  14.000%  17.000%    20.000%
    Three        0.495%     1.480%   2.470%   4.460%   8.000%    15.000%  20.000%  25.000%    30.000%
    Four         0.495%     1.480%   2.470%   4.460%   8.000%    16.000%  24.000%  32.000%    40.000%
</TABLE>