exhibit44746ett20110930v







Exhibit 4.47      CERTAIN MATERIAL (INDICATED BY THREE ASTERISKS) HAS BEEN OMITTED FROM THIS   DOCUMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED   MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE   COMMISSION.   *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.   HN\1526416.1   STORAGE CONTRACT   1. Contract number   No: 2011-10   Dated: 30-09-2011      2. Euro Tank Terminal BV (the Company)   Euro Tank Terminal BV    PO Box 1000   3180 AA Rozenburg    The Netherlands      3. Principal/Client   Vitol S.A.   Boulevard Du Pont d’Arve 28   1205 GENEVA   Switzerland      4. Storage period    Duration: 5 years   Start: 01-04- 2012*   End: 31-03-2017*      At the expiry of this period the Client shall have first right to the contracted capacity.   Twelve (12) months prior to expiry both Parties shall negotiate the terms and conditions   for a contract renewal for a period to be mutually agreed upon.      * The start date and end date are indicative. 6 months prior to the indicated start date the   Company shall give a Revised Indicative Start date. 3 months prior to the Revised   Indicative Start date the Company and the Client shall agree on a Firm Start Date that   shall be binding on both Parties, The contract duration of 5 years shall commence upon   start of operations. The final end date shall be calculated based on the exact date of start   of operations plus 5 years.      5. Products    Gas oil and Kerosene      6. Storage location (Terminal)     Eurotank Terminal BV     





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.      Moezelweg 151   3198 LS Europoort – Rotterdam   Netherlands      Port and Draft restrictions : Ref. Appendix 1   Opening hours of the terminal : Ref. Appendix 1   Nominations and Operational procedures :  : Ref. Appendix 2      7. Contractual Capacity   Contractual capacity : approx 108,000m3      Products will be stored on a dedicated basis.   Tank Contractual   Capacity (m3)   Nett capacity   (m3)   Roof Type Product Min flash   TK 402 App. 54,000 TBD Domed + Floating Gas oil n.a.   TK 403 App. 54,000 TBD Domed + Floating Gas oil n.a.      The tanks are Class 1, meaning suitable for handling of product with a flashpoint <21°c and an   RVP < 14.7 psi.   8. Means of delivery   Receipt ex seagoing vessel, barge or pump-over   Redelivery into seagoing vessel, barge, railtankcar or pump over      9. Rates (expressed in Euro)   a. Tank rental (from 2012) ***   Expressed in cubic meter (M3) per contractual capacity per month or part thereof.   Tank rental rate includes:       Delivery from seagoing vessel or barge (in min. parcel size 1,000 Mt)    Redelivery into seagoing vessel or barge (min. parcel size 1,000 Mt)    Storage during the period    Standard documentation on ship’s departure at terminal (B/L, AAD, T1, Timesheet,   Master receipt document)    *** free throughputs per *** (calculated as 1 import and export of the net tank   capacity)   b. Additional Throughput Surcharge (per M3)   *** throughputs: ***   *** throughputs: ***     





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.      *** throughputs: ***      Charged on the difference, expressed in M3 at 15°c, between the actual throughput per   year and the free throughput mentioned in paragraph a), per M3.      c. Pumpover Surcharge ***   Per M3 at 15°c pumped over from shoretank to shoretank within the Terminal.   A minimum charge based on *** m3 per operation shall apply.      d. Homogenisation Surcharge per hour (in shore tank) ***   Minimum *** hours per operation.      e. Board-to-board Surcharge ***   Minimum quantity of *** per parcel, per M3 at 15°c.      f. Handling of additives ***   Expressed in Euros per operation.   Delivery, receipt and operation of additives shall take place after consultation with the   Terminal.      g. Railtankcar loading per MT loaded (Min 10 RTC’s) ***   h. Additional Services (per document) ***   Supply of Certificate of Origin (not counter-signed by Chamber of Commerce),   EUR1, Form A, INF3, ATR      i. Water on Board   In case water is found on board or in tank after discharge, water will be drained, removed   and disposed of at the cost charged by the contractor with a surcharge of ***% for   coordination, handling and administration costs. In case ETT takes care of the draining a   charge based on man-hours spent shall apply at *** euros per man-hour.      Rates exclude:   VAT and any other taxes, levies, fees, quay dues, port charges, and any other 3rd party   fees charged by 3rd parties such as the Port authority, Customs, Ship’s representative and   Cargo representative etc... Company will invoice these fees to the Client on *** basis   without any mark-up or fee charged by the Company.        





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.      10. Terms of Operation   Oil movement planning including quality and quantity must be clearly identified and   detailed by the Client in writing and intimated to the Company well in advance for   execution. The Company will not be responsible for any effect of oil movement planning   whatsoever. In implementing the oil movement planning, the Company shall follow the   instructions of the Client, but the Client should always observe and consider the Quality   and Quantity requirements of tank heels bottoms i.e. ROB.      11. Product Acceptance procedure   Upon nomination of a vessel/barge for a discharge operation the Client shall provide   actual specifications of the cargo on board, containing at least the following:      • Density   • Colour*   • Sulphur   • Conductivity   • Pour Point   • Viscosity   The product shall meet all of the following criteria:   Specification Max/Min Method   Viscosity Max 20 CST @ 40 °C    Pour Point Max 0°c (will be reviewed on  case by case   basis as per  ambient temperature)           If the Terminal requests all or any of the abovementioned specifications and is not   properly informed by the Client the Terminal shall have the right to refuse discharge. If   product does not meet the abovementioned specification Company shall have the right to   refuse discharge.      * If colour is > 2.5 Client shall provide material with which lines can be flushed.      Terminal shall also be informed of SDS and REACH Number for each delivery prior to   discharge.      12. Tank cleaning   Tanks are prepared for their respective products prior to commencement of the Contract.   On completion of the Contract the tank shall be re-delivered in a state suitable for CPP   storage. If required, cleaning shall have taken place prior to contract expiry. Costs   involved in cleaning the tanks to their original condition in preparation for the next   service and the disposal of wastes if any are to the Client’s account. A copy invoice of the   cleaning company will be attached to our invoice with a surcharge of ***% for   coordination and administration costs.     





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.         13. Dyeing   Adding of dye can only be performed on board and not in tank or line of the terminal.      14. Contractual loss    Contractual loss during Operations and Storage will be actual loss as determined after   unloading & loading operations on basis of the shore tanks gauging. Product losses will   be to the account of the Client.      15. Rates/conditions are exclusively for the client   The client is not authorised to cede or subcontract the Contractual Capacity as well as any   right granted by this Contract without the Terminal prior written approval.      Sub-leasing of Clients tank to a 3rd Party      In case the Client wishes to sub-lease one or more of the contracted tanks it may request   the Company to do so on its behalf. In this case the Company shall at its discretion   approach potentially interested parties and negotiate a sub-lease contract acceptable to the   Client for the tank and period agreed with the Client provided that:      (i) the Client remains fully responsible for the performance of the sublease contract   and especially the payment of the rates outlined in Article 9   (ii) the sublease termination date is always earlier than the termination date of the   present Contract   (iii) the sublease does not comprise any option to renew or extend or increase the   duration or the capacity or any conditions referred to in the Sub lease Agreement.   The Client is not allowed to enter into any direct negotiations or discussions concerning   its contracted tanks with a 3rd Party and the Company is under no obligation to accept   any 3rd parties as a sub-lessee. In case the company is not able to find a sub-lessee on its   own accord the Client may propose a suitable alternative, approval of which shall not be   unreasonably withheld.      The proceeds of any sub-lease arrangement shall be *** between Company and Client.      16. Index / escalation clause    The rates in Article 9 will be (de)escalated by the CPI as published by the Netherlands   CBS annually. Initial rates in 2012 are as stated in Article 9a and b.        





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.      17. Long term Maintenance   The Company shall have the right to perform long term or emergency maintenance   during the contract period. The normal storage rate of Article 9a shall be payable during   such maintenance for a period of maximum 30 days for the entire contract period.      18. Invoicing and payment   Tank Rental fee will be invoiced monthly; invoices will be issued at the beginning of   each calendar month, in advance. All other charges (Pumpovers, Homogenization,   Additivation, Additional throughput, etc.„) for any other services rendered will be   invoiced upon expiry of the month in which the respective service was rendered.      Excess throughput as per Article 9b shall be invoiced on a monthly basis once the free   throughput allowed under this contract has been achieved.      Invoices are payable in the currency as invoiced and within 15 days after the date of   invoice and before final lifting of product.      19. Insurance    a) Title and risks of the oil products will remain with Client at all times.   b) Client will be responsible for insuring the oil stored under this Contract at their cost and   expense.   c) Both Parties will be responsible for procuring third party liability insurance to cover their   respective legal liabilities arising from their responsibilities under this Contract.   d) Company shall at no time be liable for any damage to or loss of product stored.   20. General terms and conditions    The General Conditions for Tankstorage in the Netherlands (VOTOB) and the VOTOB   jetty conditions shall be applicable to this Contract.      21. Modification of the General Conditions   The provisions set forth in the Contract may be modified by a decision of the Terminal in   accordance with technical or legal requirements. In this case the Terminal shall   endeavour to give at least three months notice, except in the event of urgency in   particular regarding regulations and safety measures.      By exception to the abovementioned General Conditions, the Parties agree that in case   any storage capacity of the Client becomes unavailable due to maintenance or repairs   undertaken by ETT the tank rental rate mentioned in Article 9a will be *** for the period   that the capacity is unavailable.     





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.         22. Equity Clause    In the event of unexpected, heavy changes in exploitation costs, or important disruption   of the general economy, or any duty or tax not already included, the parties to this   Contract will meet to discuss the necessity of modifying part or all of the conditions of   this Contract.      23. Law and jurisdiction:    Dutch law and English language will govern the present Contract.      For every dispute not settled amicably the only qualified jurisdiction will be Rotterdam   Courts.      24. Notices   All notices which may be given under any provisions of this Contract shall be in writing   in English and deemed to have been duly given when (a) served by (i) facsimile or other   written electronic means and communication confirmed by registered airmail, (ii)   personally or (iii) mailed by certified or registered first class mail, return receipt   requested, postage prepaid and (b) properly addressed to the Parties at their addresses   first above written or to such other address as each of the Parties may designate in writing   to the other Parties in the manner provided in this Clause 13, together with copies as   follows:      In case of notice to ETT:      Euro Tank Terminal BV   PO Box 1000   3180 AA Rozenburg   The Netherlands      In case of notice to Vitol Distillate Matrix      Vitol Distillates   E-mail:   Vitol S.A.   Boulevard Du Pont D’ Arve 28   1205 GENEVA        





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.      Eurotank Terminal B.V.      /s/ Jack de Moel            Date: September 30, 2011   Vitol S.A.      /s/ Roland Favre            Director   Date:  May 15, 2014      Appendix 1   Jetties available for gas oil loading and discharge operations   Jetty No. Draught   (m)   Max Beam   (m)   Min/Max LOA   (m)   Operational   Date   Sea going vessels berths   Caland East – (A) 20.95 not restricted 145 - 280 Operational   Max freeboard 2.29 m x 20.54 m   Caland Centre – (B) 20.95 not restricted 180 - 360 Operational   Max freeboard 2.29 m x 20.54 m   Caland West – (D) 17.85 not restricted 125 - 280 Operational   Max freeboard 2.29 m x 20.54 m   Jetty 1 (M) 16.00 not restricted 80 - 260    T.B.A       Max freeboard 2.29 m x 20.54 m     Barges berths     Caland East inside – (A) 6.00 22 max 145    Operational       Caland West inside – (C) 5.00 22 max 145    Operational       Quay wall East – (E) 8.52 22 max 145    Operational       Quay Wall East – (F) 4.62 22 max 135    Operational         





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.      Quay Wall West G 4.62 22 max 135 T.B.A.   Quay Wall West H 4.82 22 max 135 T.B.A.   Berth P 4.62 22 max 135 T.B.A.   Berth – 2 Q 7.00 22 Max 135 T.B.A.      1. Above stated draughts are general figures. Contact the local harbour authorities for the   latest draught restrictions.      Minimum vessel capabilities   Vessels calling at the Terminal with a DWT tonnage of more than 25,000 shall be able to   maintain a minimum pumping or receiving rate of 1000 m3 per hour or 7 bar at the ships   manifold.   Vessels calling at the Terminal with a DWT tonnage between 10,000 and 25,000 shall be able to   maintain a minimum pumping or receiving rate of 800 m3 per hour   Vessels calling at the Terminal with a DWT tonnage between 5,000 and 10,000 shall be able to   maintain a minimum pumping or receiving rate of 600 m3 per hour.   Vessels calling at the Terminal with a DWT tonnage lower than 5,000 shall be able to maintain a   minimum pumping or receiving rate of 400 m3 per hour.   In the event that the abovementioned performance criteria are not met by a vessel, the Terminal   shall have the right to unberth such vessel if it is causing delays to other vessels’ operations.   Surveying   Before loading and unloading of vessels the Principal must appoint an independent surveying   company. When failing to do so the Terminal may nominate one, on behalf of the Principal and   all costs will be for account of and invoiced to the Principal.   Working hours and overtime:    For operations the Terminal is working on a 365/7/24 basis   For emergency please contact key-personnel at below stated phone numbers.   Emergency contact details Key-personnel:    General Manager : Jack de Moel   E-mail : jdm@ett.vtti.com   Tel : 0181-240024         





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.      Terminal Manager : C. Saaltink   E-mail : cls@ett.vtti.com   Tel : 0181-240024       Commercial Manager : J.L.D. Koomen   E-mail : jpk@vtti.com   Tel : 0623897646            





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.      Appendix 2   NOMINATION AND OPERATIONAL PROCEDURES   All activities performed by Customer Services (CS) and Operations, involving movement of   product physically or administrative at the Terminal are backed by a formal order from the   customer.   Orders performed at the Terminal:   AST Administrative Stock Transfer   BLE Blending   CLN Tank cleaning   DBA Discharge barge   DTR Discharge truck   DVE Discharge vessel   HEA Heating   HOM Homogenising   IMP importation   ITS in-tank-sale   LBA Load barge   LVE Load vessel   MAI Maintaining   SDC Stock density correction   SER Generic services   STR Stock transfer   TTT Tank-to-tank transfer   WAS Washing/ treatments   WDR Water draining      All load or discharge nominations and other orders are to be received in writing via e-mail to the   attention of Customer Services.   Customer Services receives the nominations/orders and enters these into TOMCAT. This is the   terminal enterprise resource program.   Nominations for loading or discharging should at least include the following:   a. Type operation:  Loading or Discharging, Tank-to-tank transfer   b. Name of vessel/barge   c. Name of tank(s) involved   d. Estimated Time of Arrival (ETA)   e. Name product/ quality     





 







      *** Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.   Confidential treatment has been requested with respect to the omitted portions.      f. Quantity per tank in m3 L15 or mt (vac)   g. Surveyor appointed   h. Customs status   i. Document instructions:  draft B/L one working day prior to departure.   j. In case load nominations:  receiver details, Name + Full address, excise number   k. In case discharge nominations:  Analyses of product before discharging, SDS   Customer Services approves nominations received based on the above. If one or more items are   missing, the customer is informed accordingly and the order is not further processed. Once the   missing items are received the order is processed.   Before handing over the nomination to Operations the order is checked again. When all relevant   information is inserted into TOMCAT, the order is activated.   From this moment Operations is able to start the discharge or load operation.