Exhibit 10.13


 


SHORT
TERM FINANCING AGREEMENT, DATED


JULY 1,
2005, BY AND AMONG LEVERET


INTERNATIONAL
INC., AS LENDER, AND AEGEAN


MARINE
PETROLEUM S.A., AS BORROWER


 





















 


SHORT TERM FINANCING AGREEMENT


 


THIS AGREEMENT is made today: 1st July 2005.


 


BETWEEN:


 


1.    Leveret International Inc., a Liberian
Corporation of 80 Broad street, Monrovia, Liberia


 


2.    Aegean Marine Petroleum S.A. of 80, Broad
street, Monrovia, Liberia (hereinafter the “Borrower”).


 


WHEREAS :


 


The Borrower has requested the Lender to make
available to it a short term financing of USD 4,000,000 (Four Million),
(hereinafter called the “Facility”),
which the Lender agreed to grant on the following terms and conditions:


 


A.    TERMS OF
FACILITY


 


a.    The Lender makes available to the Borrower the
Facility to be used for working capital purposes.


b.    The Facility will bear no interest at all.


c.    The Borrower hereby acknowledges states and
confirms receipt of the Facility.


d.    The Facility is repayable upon Lender’s first
written demand for the repayment of the Facility in part or in whole not later
than six (6) months as of today.


 


B.    REPRESENTATIONS
AND WARRANTIES


 


The
Borrower hereby represents and warrants to the Lender, that:


 


a.    The Borrower is a company duly organized and
validly existing and in good standing under the laws of the Republic of Liberia
and has the corporate authority to own/acquire assets and carry out its
business and other activities as they are now or in the future going to be
conducted.


b.    The Borrower has the power to enter into and
perform this Agreement and to authorize the execution of this Agreement and any
other documents related thereto.


c.    This Agreement constitutes legally binding
obligation of the Borrower and is enforceable in accordance with its terms.


d.    The Borrower has the legal ability to undertake towards the Lender the repayment
of the Facility upon Lender’s first demand in whole or in part(s) in foreign
exchange in any part of the world and in Greece and


 





















 


the Borrower has and/or will
have in Greece available funds of its own or through its affiliate companies or
through further banking borrowing facilities in foreign exchange free and not
subject to any mandatory assignment to the Bank of Greece, pursuant to any
provisions of any law, decision or regulation of any governmental body or other
regulatory authority and out of such funds the Borrower may without any
restrictions whatsoever effect payments to the Lender in connection with this
Agreement.


 


C.    LAW/JURISDICTION


 


a.    This Agreement shall be governed and construed
in all respects in accordance with the laws of Greece.


b.    All disputes under this Agreement including
enforcement proceedings and the taking of any conservative measures are
submitted to the exclusive jurisdiction of the Courts of Piraeus.


 


IN WITNESS whereof these presents were issued
the date first above written.


 


	
  THE LENDER

  	
  THE BORROWER

  
	
   

  	
   

  
	
   

  	
   

  
	
  By
  :

  	
   /s/ Dimitrios Melisanidis

  	
   

  	
  By:

  	
   /s/ Theodora Papadogianni

  	
   

  
	
  Dimitrios Melisanidis

  	
  Theodora
  Papadogianni

  
						



 


2