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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 $2,042,288 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 $2,042,288 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     $  2,042,288    $    60,000   $    2,042,288   $       60,000
   2     $  2,042,288    $   120,000   $    4,084,576   $      180,000
   3     $  2,042,288    $   120,000   $    6,126,864   $      300,000
   4     $  2,042,288    $   240,000   $    8,169,152   $      540,000
   5     $  2,042,288    $   300,000   $   10,211,440   $      840,000
   6     $  2,042,288    $   360,000   $   12,253,728   $    1,200,000
   7     $  2,042,288    $   360,000   $   14,296,016   $    1,560,000
   8     $  2,042,288    $   360,000   $   16,338,304   $    1,920,000
   9     $  2,042,288    $   360,000   $   18,338,304   $    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.

<TABLE>
<CAPTION>
                                             Cumulative Percentage
                ------------------------------------------------------------------------------
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>