Document:

<PAGE>

                         SUPPLEMENT TO CREDIT AGREEMENT

         THIS SUPPLEMENT TO CREDIT AGREEMENT (this "Supplement"), dated as of
February 4, 2000, is by and among MARITRANS TANKERS INC., a Delaware corporation
with its chief executive office at 1818 Market Street, Suite 3540, Philadelphia,
PA 19103 ("Borrower"), MARITRANS INC., a Delaware corporation with chief
executive offices at 1818 Market Street, Suite 3540, Philadelphia, PA 19103
("Guarantor"), and MELLON BANK, N.A.., a national banking association with
offices at Mellon Bank Center, 1735 Market Street, Philadelphia, PA 19103
("Bank").

                                   Background:

         A. On or about October 17, 1997, Borrower, Guarantor and Bank entered
into a Credit Agreement (the "Credit Agreement") providing for a credit facility
of up to US$33,000,000.00 (the "Loan") to the Borrower. In connection with the
Credit Agreement and the Loan, Borrower executed and delivered to Bank, inter
alia, Borrower's promissory note in the principal amount of US$33,000,000.00
(the "Note") and Guarantor executed and delivered to Bank a Guaranty and
Suretyship Agreement (the "Guaranty"). In connection therewith, Borrower
executed and delivered to Lender, and there were filed of public record, first
preferred ship mortgages on the Vessels PERSEVERANCE and ALLEGIANCE.

         B. On or about August 12, 1998, Borrower executed and delivered to
Lender, and there were filed of public record, first preferred ship mortgages on
the Vessels DILIGENCE and INTEGRITY. The Credit Agreement, Note, the four (4)
Vessel Mortgages referred to above, and any other agreements, undertakings,
instruments and documents related to the Loan are sometimes referred to in this
Supplement collectively as the "Loan Documents."

         C. The presently scheduled maturity date for the Loan is October 17,
2000. Borrower and Guarantor have requested Lender to extend the maturity date
for the Loan and reduce the maximum credit available under the Loan to
$33,000,000.00, which Lender is willing to do on certain terms and conditions.

         D. Contemporaneously with the execution of this Supplement, the
Borrower is executing and delivering to Bank four Assignments (individually, an
"Assignment" and collectively, the "Assignments"), assigning to Lender the
charters, charter hire and freights of each of the Vessels to further secure
Borrower's obligations with respect to the Loan (the "Obligations"). This
Supplement and the Assignments and any other agreements and documents being
executed and delivered in connection herewith, are sometimes referred to
collectively herein as the ("Supplemental Loan Documents").

         NOW, THEREFORE, intending to be legally bound hereby, and in
consideration of the mutual benefits conferred hereby, the parties hereto agree
to modify the Credit Agreement and the other Loan Documents as follows:

<PAGE>

         1. Definitions. As used in this Supplement, all capitalized terms shall
have the respective meanings provided therefor herein or, in absence of such
provision, the respective meanings provided therefor in the Credit Agreement.
Without limiting the foregoing:

                  (a) References herein and in the Credit Agreement to the
"Credit Agreement" shall mean and include the Credit Agreement as modified and
supplemented, including without limitation by this Supplement.

                  (b) References in any of the Loan Documents to the "Loan
Documents" shall mean and include the Loan Documents as supplemented and
modified, including without limitation by this Supplement.

                  (c) References to the "Second Loan," "Second Note," "Second
Closing" and "Second Closing Date" shall be of no further force or effect.

         2. Extension of Maturity Date and Other Definitional Changes. The
definitions of "Second Loan" in Section 1.1 of the Credit Agreement is hereby
deleted, and the following definitions in Section 1.1 of the Credit Agreement
are hereby modified to read in full as follows:

                  "Coverage Ratio" shall mean, for the Borrower or Guarantor as
         the case may be (the "Measured Entity"), as of the Measuring Date in
         question:

                  I. IN THE CASE OF GUARANTOR

                  The quotient obtained by dividing EBITDA of Guarantor on a
         Consolidated basis for the Four-Quarter Period ending on the relevant
         Measuring Date by the sum of the following:

                  (a) Guarantor's Prior Period Interest (on a Consolidated
         basis), plus

                  (b) CMLTD of Guarantor (on a Consolidated basis) plus

                  (c) Dividends and other distributions paid by Guarantor during
         the Four-Quarter Period ending on the relevant Measuring Date

                  -- which may also be expressed by the following formula:

         ----------------------------------------------------------------------

         Coverage Ratio  =                   EBITDA
                            -----------------------------------------
                            Prior Period Interest + CMLTD + Dividends
         ----------------------------------------------------------------------

                                      -2-
<PAGE>

                           II. IN THE CASE OF BORROWER

                  The quotient obtained by dividing Borrower's EBITDA for the
         Four-Ouarter Period ending on the relevant Measuring Date by Borrower's
         Prior Period Interest

                  -- which may also be expressed by the following formula:

         ----------------------------------------------------------------------

         Coverage Ratio  =                   EBITDA
                            -----------------------------------------
                                      Prior Period Interest
         ----------------------------------------------------------------------

                  "Maturity Date" means October 17, 2002.

                  "Vessel" means, individually, the vessel INTEGRITY (formerly
         CHEVRON OREGON) (Official No. 566080), the vessel DILIGENCE (formerly
         CHEVRON LOUISIANA) (Official No.584696) (collectively, the, "Chevron
         Vessels"), the vessel PERSEVERANCE (formerly, PHILADELPHIA SUN)
         (Official No. 638073) the vessel ALLEGIANCE (formerly, NEW YORK SUN
         (Official No. 628783) (collectively, the "Sun Vessels"), or any other
         vessels for which all or part of the cost of acquisition, repair or
         rebuilding is financed with Loan proceeds ("Additional Vessels"), as
         the case may be; and "Vessels" means any or all of them collectively.

                  "Vessel Mortgage" means, as to each Vessel, collectively, (i)
         a preferred ship mortgage and (ii) an assignment of charter, charter
         hire and freights, granted to Bank by Borrower on each Vessel, each
         in form reasonably acceptable to the Bank, which shall have been filed
         of public record with the United Stares Coast Guard; and "Vessel
         Mortgages" means the same for any more than one of the Vessels.

         3. Maximum Loan Amount; Use of Proceeds.

         (a) Subsection (a) of Section 2.1 of the Credit Agreement ("Loan") is
hereby modified to read in full as follows:

                  (a) Basic Conditions. Subject to the terms and conditions and
         relying upon the representations and warranties herein set forth, and
         absent the occurrence of an Event of Default, the Bank agrees to make
         advances on account of the Loan to the Borrower, to finance (i) all or
         part of the costs of acquiring the Sun Vessels or the Chevron Vessels,
         and (ii) all or part of the costs of acquisitions, repairs and
         rebuilding for Additional Vessels. Notwithstanding any other provision
         of this Agreement, the aggregate principal amount of the Loan shall not
         at any time exceed $33,000,000.00; (II) the aggregate amount of all
         Advances which the Bank shall be obligated to make and which may be

                                      -3-

<PAGE>

         outstanding and unpaid from time to time shall not in any event exceed
         eighty percent (80%) of the appraised value of those Vessels acquired
         by Borrower and which are subject to one or more duly recorded Vessel
         Mortgages in favor of the Bank; and (III) the aggregate amount of all
         Advances which the Bank shall be obligated to make and which may be
         outstanding and unpaid from time to time shall not in any event exceed
         the aggregate dollar amount (deducting the amounts of any deductibles
         or retentions) of Hull Insurance in force on the Vessels at the time of
         reference. In the event that the aggregate principal dollar amount
         outstanding and unpaid with respect to the Loan exceeds any of the
         limitations set forth in this subsection (a), the Borrower shall repay
         any excess immediately to Bank without demand.

                  (b) Provisions of the Credit Agreement and other Loan
         Documents relating to the "Second Loan" referred to therein shall be of
         no further force or effect.

         4. Conditions for Advances for Additional Vessels. Section 2.3 of the
Credit Agreement ("Advances") is hereby modified by adding a new subsection (c)
to read in full as follows:

                  (c) Conditions to Advances for Additional Vessels. Bank shall
         make Advances to finance all or part of the costs of acquisitions,
         repairs and rebuilding for Additional Vessels, provided Borrower and
         Guarantor shall have satisfied the following conditions with respect to
         each Additional Vessel for which an Advance or Advances are to be made:

                           (i) The Borrower shall have executed and delivered
         to the Bank, in recordable form, a Vessel Mortgage for each such
         Additional Vessel, along with assurances satisfactory to Bank and
         Bank's Counsel of the proper recording of the Vessel Mortgage in the
         Documentation Center and the status of the Vessel Mortgage, and
         endorsement by the Documentation Center, as a first priority "preferred
         mortgage", as defined in 46 U.S.C. Section 31301(6).

                           (ii) At Bank's request the Guarantor shall join in,
         but whether or not Bank so requests, Guarantor shall in any event be
         deemed to have joined in, each request for an Advance relating to any
         Additional Vessel, and such joinder (or deemed joinder) shall be deemed
         Guarantor's consent to the Advance, Guarantor's reaffirmation of its
         Guaranty obligations with respect to such Advance, and Guarantor's
         waiver of any conditions to such Advance which shall not have been
         satisfied. Guarantor acknowledges and agrees that all conditions to
         Advances set forth in this Agreement are for the sole benefit of Bank
         and not of Guarantor.

                           (iii) If requested by Bank or Bank Counsel, the
         Borrower and the Guarantor shall have delivered to Bank favorable
         opinions of their special financing and maritime counsel, dated on or
         before the date of the Advance, each in form and substance satisfactory
         to Bank and Bank's Counsel, relating to legal matters with respect to
         the Advance, the Additional Vessel(s) in question and the Vessel
         Mortgage(s) in question.

                                      -4-

<PAGE>

                           (iv) Bank shall have received evidence satisfactory
         to the Bank that all insurance coverage required to be obtained under
         Section 6.4 of this Credit Agreement has been obtained and is in force
         with respect to each Additional Vessel in question and a report of
         insurance broker or an attorney's summary of insurance, all in form and
         substance satisfactory to Bank and Bank's Counsel.

                           (v) Bank shall have received true an complete copies
         of the current certificate of documentation, executed bill of sale and
         purchase agreement if applicable, charters, subcharters, operating
         agreement and all other agreements, instruments and documents relating
         to each Additional Vessel for which Bank is being requested to make an
         Advance.

                           (vi) Bank shall have received a current fair market
         value appraisal satisfactory to Bank relating to each Additional Vessel
         for which Bank is being requested to make an Advance.

                           (vii) Borrower and Guarantor shall each execute,
         acknowledge and deliver such other undertakings, agreements,
         instruments, documents, opinions, certificates and evidence in such
         form, as Bank or Bank's Counsel may reasonably request in connection
         with the Advance or the Additional Vessels in question, or as may
         otherwise be required under the Credit Agreement.

         5. Revisions to Euro-Rate Margins. The first paragraph of Section 2.5
of the Credit Agreement ("Determination of Margins and Quarterly Compliance
Certificates") is hereby modified to read in full as follows:

                  (a) The Bank shall determine the Margin from time to time in
         the following manner. If, as of the end of any Four-Quarter Period, the
         Funded Debt/EBITDA Ratio for the Guarantor, on a consolidated basis, is
         within a range stated in the following column (1), the respective
         percentage rate per annum set forth opposite such range in column (2)
         (the "Margin" shall be applicable during the fiscal quarter of
         Guarantor immediately following the end of such Four-Quarter Period:

         Guarantor Funded Debt/EBITDA Ratio                 Margin
         ----------------------------------                 ------
         Equal to or greater than 2.50                      150 basis points
         and equal to or less than 3.00
         Equal to or greater than 1.50                      125 basis points
         and less than 2.50
         Less than 1.50                                     100 basis points

         6. Fees. Section 2.11(a) of the Credit Agreement is hereby modified to
read in full as follows:

                  Section 2.11 Fees. The Borrower agrees to pay to the Bank, as
         consideration for the Loan commitment hereunder, the following fees:

                                      -5-
<PAGE>

                           (a) Unused Commitment Fee. The Borrower agrees to
         pay to the Bank, as additional consideration for the extension of the
         Maturity Date of the Loan and the maintenance of availability of
         Lender's commitment, an unused commitment fee for the period from and
         after January 1, 2000, to be calculated on a per them basis and payable
         in arrears on the last day of each fiscal quarter of the Guarantor
         commencing on March 31, 2000, or a rate or rates equivalent to the
         applicable "Unused Fee Rare" set forth below, calculated over the
         actual number of days in the fiscal quarter in question over an assumed
         year of 360 days, mutiplied times the average daily balance of the
         unused portion of the $33,000,000.00 Loan commitment for the fiscal
         quarter in question.. The Bank shall determine the "Unused Fee Rate"
         from time to time in the following manner. If, as of the end of the
         Four-Quarter Period ending on or most recently prior to the
         commencement of the Guarantor's fiscal quarter in question, the Funded
         Debt/EBITDA Ratio for the Guarantor, on a consolidated basis, is within
         a range stated in the following column (1), the Unused Fee Rate set
         forth opposite such range in column (2) shall be the "Unused Fee Rate"
         applicable to such fiscal quarter:

                  Guarantor Funded Debt/EBITDA Ratio         Unused Fee Rate
                  ----------------------------------         ---------------
                  Equal to or greater than 2.50              37.5 basis points
                  and equal to or less than 3.00
                  Equal to or greater than 1.50              37.5 basis points
                  and less than 2.50
                  Less than 1.50                             25 basis points

         7. Assignments, The Borrower is executing and delivering the
Assignments to the Bank, for filing with the United States Coast Guard National
Vessel Documentation Center to the extent so fileable, together with UCC-1
financing statements for filing with the applicable Uniform Commercial Code
filing offices. The Assignments and the collateral granted thereby to Bank
secure the Obligations in addition to any other collateral security. Without
limiting the foregoing, the Assignments are intended to supplement the original
Vessel Mortgages and shall not be deemed discharged by any satisfaction,
discharge or foreclosure of any of the original Vessel Mortgages. If Bank should
discharge an Assignment of record with the U.S. Coast Guard, such record
assignment shall not constitute a satisfaction or discharge of the Assignment
for any other purpose, and the assignments, security interests and liens granted
thereby shall nevertheless continue until Bank executes a written instrument
confirming that the Assignment is terminated absolutely. In the event of a
default, neither Borrower nor Guarantor shall have any right to demand that Bank
marshal any type or item of collateral security or any source of repayment for
application prior to or after any other type or item of collateral or source of
repayment for the Obligations.

         8. Modification of Certain Financial Covenants.

                  (a) Amendment of Borrower Tangible Net Worth Covenant.
Subparagraph (a) of Paragraph 6.2(j)(i) of the Credit Agreement ("Negative
Covenants - Financial Maintenance

                                      -6-

<PAGE>

Covenants - Covenants Pertaining To Borrower") is hereby modified to read in
full as follows, effective on and after December 30, 1999:

                  (a) Tangible Net Worth. Tangible Net Worth of the Borrower
         shall at no time be less than $10,392,000, measured at the end of each
         fiscal year of Borrower (any time of reference is referred to herein
         for this purposes as a "Measuring Date").

                  (b) Amendment of Certain Guarantor Financial Covenants.
Subparagraphs, (a), (b) and (c) of Paragraph 6.2(j)(ii) of the Credit Agreement
("Negative Covenants - Financial Maintenance Covenants - Covenants Pertaining to
Guarantor") are hereby modified to read in full as follows, effective on and
after December 30, 1999:

                  (a) Coverage Ratio. Guarantor's Coverage Ratio, measured at
         the end of each fiscal quarter of Guarantor, shall never be less than
         1.40.

                  (b) Tangible Net Worth. Tangible Net Worth of Guarantor shall
         not be less than $97,000,000.00 on December 31, 1999. At the end of
         each fiscal year of Guarantor commencing with the fiscal year ending
         December 31, 2000 (any time of reference is referred to herein for
         this purpose as a "Measuring Date"), the Tangible Net Worth of
         Guarantor shall not be less than an amount equal to the sum of (A)
         $97,000,000.00 plus (B) the sum of the Net Income Increments for each
         fiscal year of Guarantor after December 31, 1999. For purposes of this
         Agreement, a "Net Income Increment" shall be calculated for each fiscal
         year of Guarantor commencing with the fiscal year ending December 31,
         2000 and for the fiscal year in question shall be an amount (but not
         less than zero) equal to fifty percent (50%) of Guarantor's
         Consolidated Net Income for such fiscal year. For example, if
         Guarantor's Consolidated Net Income for the fiscal year ending December
         31, 2000 were $1,000,000 the Net Income Increment attributable to that
         fiscal year would be $500,000 and the Guarantor's Minimum Tangible Net
         Worth would be $97,500,000 as of December 31, 2000; if its Consolidated
         Net Income for the fiscal year ending December 31, 2001 were a loss of
         $50,000, the Net Income Increment attributable to that fiscal year
         would be zero and the Guarantor's Minimum Tangible Net Worth would be
         $97,500,000 as of December 31, 2001; and if its Consolidated Net Income
         for the fiscal year ending December 31, 2002 were $2,000,000, the Net
         Income Increment attributable to that fiscal year would be $1,000,000
         and the Guarantor's Minimum Tangible Net Worth would be $98,500,000 as
         of December 31, 2002.

                  (c) Funded Debt/EBITDA Ratio. Guarantor's Funded Debt/EBITDA
         Ratio, measured at the end of each fiscal

                                       -7-

<PAGE>

         quarter of Guarantor, shall never be greater than 3.00 at December 31,
         1999 and thereafter.

         9. Cross-Default Provisions. Section 7.1 of the Credit Agreement
("Events of Default") is hereby modified by adding a new subsection (p) to read
in full as follows:

                  (p) An "Event of Default" occurs under that certain Letter of
         Credit Agreement or Addendum thereto dated August 18, 1999
         (collectively, the "Maritrans Barge Credit Agreement") providing for
         the issuance of a $4,946,771.05 Standby Letter of Credit in favor of
         Coastal Tug & Barge, Inc. for the Account of Maritrans Barge Co.;
         provided, however, that an "Event of Default" under Section 5.1(i) of
         the Addendum to the Maritrans Barge Credit Agreement shall not be an
         Event of Default hereunder if it either (A) is due to a dispute
         involving an amount in controversy of less than $100,000 or (B) is
         based upon claims arising in the ordinary course of the business of
         Maritrans Barge Co., and in either case the Event of Default is cured
         within thirty (30) days after it first occurs.

         10. Representations, Warranties and Other Covenants. Borrower and
Guarantor each jointly and severally reaffirms, as of this date, the truth and
completeness of the representations and warranties set forth in the Credit
Agreement, other than the representations and warranties regarding material
events since the date of the financial statements referred to in Section 3.4 of
the Credit Agreement, except to the extent heretofore waived in writing by the
Bank. In addition:

         (a) Borrower and Guarantor each jointly and severally represent and
warrant that no Event of Default, or any event which with the passing of time or
the giving of notice or both would become an Event of Default, has occurred and
is continuing.

         (b) The Guarantor has delivered to Bank its audited Consolidated and
consolidating financial statements as at and for the fiscal year ended December
31, 1998 (the "Audited Date"), and its unaudited financial statements for the
three (3) month periods ended September 30, 1999, stated on a non-Consolidated
basis, dated the date of this Agreement (collectively, the "Delivered Financial
Statements". Such financial statements fairly reflect the respective financial
conditions of the Guarantor and the Borrower as at such dates and fairly reflect
the results of the Consolidated operations of The Guarantor for the periods then
ended, all in conformity with GAAP consistently applied. There has been no
material adverse change in the condition, financial or otherwise, of the
Guarantor since the Audited Date. Neither Borrower nor Guarantor has any
material obligations or liabilities which are not disclosed in the Delivered
Financial Statements except obligations arising in the ordinary course of
business since September 30, 1999. Borrower and Guarantor are each solvent on
this date in that (i) the fair value of its assets exceeds the amounts of its
liabilities and other obligations, and (ii) each of them is capable of paying
its debts and obligations as they may become due.

         (c) The "chief executive office" of the Borrower, and the location of
its records relating to Vessel charters, charter hire, freights and the like
(the Borrower's "Chief Executive Office"),

                                      -8-
<PAGE>

is presently at 1818 Market Street, Suite 3540, Philadelphia, PA 19103. On and
after March 31, 2000, Borrower's Chief Executive Office will be located at Two
Harbour Place, 302 Knights Run Avenue, 12th Floor, Tampa, FL 33602.

         11. Reaffirmation of Loan Documents, Accommodations and Collateral.
Guarantor hereby ratifies and confirms that it remains fully obligated under the
Guaranty, and that the Guaranty including without limitation the warrant of
attorney to confess judgment contained therein remains in full force and effect
as heretofore modified and supplemented, and, as modified including without
limitation the warrant of attorney to confess judgment contained therein hereby
and extends to and secures the payment of the Obligations pursuant to the Loan
Documents as heretofore supplemented and modified and as supplemented and
modified by this Supplement. Each of the Loan Documents including without
limitation the warrant of attorney to confess judgment contained therein remains
in full force and effect as heretofore supplemented and modified and, as
supplemented and modified by this Supplement, including without limitation the
warrant of attorney to confess judgment contained therein, extend to and
continue to secure the Obligations as modified and supplemented by this
Supplement and the other Supplemental Loan Documents. To the extent required in
order to achieve the intent of this Supplement, this Supplement shall be deemed
to supplement and modify each of the Loan Documents.

         12. Miscellaneous.

                  (a) Effect of Agreements; Waivers: Construction. The
         provisions of this Supplement shall supplement and modify the
         provisions of the Loan Documents, which continue in full force and
         effect as supplemented and modified hereby.

                  (b) Counterparts. This Supplement may be executed in any
         number of counterparts, each of which shall be deemed to be an
         original, but all of which together shall constitute one and the same
         instrument.

                  (c) Successors and Assigns. This Supplement shall be binding
         upon and inure to the benefit of the Bank, the Borrower and their
         respective successors and assigns.

                  (d) Signing Authority. The individuals signing this Supplement
         on behalf of each party represent and warrant to the other parties that
         they are respectively authorized by all necessary corporate action to
         execute and deliver this Supplement on behalf of the respective party
         or parties for whom they are signing.

                  (e) Expenses and Legal Fees. Borrower and Guarantor will pay
         on demand all of the fees and expenses of Bank and its legal counsel
         arising in connection with this Supplement, the Assignments, any Vessel
         Mortgages or any further supplements or amendments to any of the Loan
         Documents and the transactions contemplated thereby including, but not
         limited to, all legal fees and out-of-pocket expenses incurred by Bank
         in the development, preparation, negotiation, filing and closing of
         this Supplement and all such documents.

                                      -9-

<PAGE>

         IN WITNESS WHEREOF, the parties hereto have duly executed this
Supplement by their respective authorized officers, as of the date first written
above.

Attest:                                      MARITRANS TANKERS INC.

/s/ Arthur Volkle                            By: /s/ Walter T. Bromfield
---------------------------                      -------------------------
Title: Secretary                             Title: Treasurer

Attest:                                      MARITRANS INC.

/s/ /s/ Walter T. Bromfield                  By: /s/ Philip J. Doherty
---------------------------                  -----------------------------
Title: Asst Secretary                        Title: Vice President

Witness:                                     MELLON BANK, N.A.

                                             By: /s/ Liam Brickley
---------------------------                  -----------------------------
                                             Title: Vice President

                                      -10-<PAGE>

                     SEVERANCE AND NON-COMPETITION AGREEMENT

                      Amended Agreement made as of the 30th day of June, 1999,
between Maritrans General Partner Inc., a Delaware corporation (the "Company"),
and Stephen M. Hackett (the "Employee").

                      WHEREAS, the Employee is employed by the Company as
President- Maritrans Chartering Company, Inc.,;

                      WHEREAS, the Company is a subsidiary of Maritrans Inc., a
publicly traded corporation ("Maritrans");

                      WHEREAS, the Employee and Maritrans entered into a
Severance and Non-competition Agreement on July 7, 1997, to provide certain
payments to the Employee in the event that his employment were terminated,
including as a result of a Change of Control of Maritrans (the "Agreement");

                      WHEREAS, the Employee and the Company now wish to revise
the Agreement; and

                      WHEREAS, in consideration for the Employee agreeing not to
compete with the Company in the event the Employee's employment is terminated,
the Company agrees that the Employee shall receive the compensation set forth in
this Agreement as a cushion against the financial and career impact on the
Employee in the event the Employee's employment with the Company is terminated
without cause whether or not there is a Change of Control of Maritrans;

                      NOW, THEREFORE, in consideration of the foregoing and the
mutual covenants and agreements hereinafter set forth and intending to be
legally bound hereby, the parties hereto agree as follows:

                      1. Definitions. For all purposes of this Agreement, the
following terms shall have the meanings specified in this Section unless the
context clearly otherwise requires:

                      (a) "Affiliate" and "Associate" shall have the respective
meanings ascribed to such terms in Rule 12b-2 of the General Rules and
Regulations under the Securities Exchange Act of 1934, as amended (the "Exchange
Act").

                      (b) "Base Compensation" shall mean the sum of the
Employee's base salary, at the rate in effect on the Termination Date or at the
time of a Change of Control, if higher, the Employee's annual bonus as paid for
the year prior to the Termination Date and, if applicable, any payment received
under the Company's Performance Unit Plan in the year prior to the year in which
the Termination Date occurs, together with any and all salary reduction
authorized amounts under any of the Company's benefit plans or programs, but
excluding any amounts attributable to the exercise of stock options by the
Employee under the Company's Equity Compensation Plan.

                      (c) "Beneficial Owner" of any securities shall mean:

                      (i) that such Person or any of such Person's Affiliates or
Associates, directly or indirectly, has the right to acquire (whether such right
is exercisable immediately or only after the passage of time) pursuant to any
agreement, arrangement or understanding (whether or not in writing) or upon the
exercise of conversion rights, exchange rights, rights, warrants or options, or
otherwise, securities of the Company; provided, however, that a Person shall not
be deemed the "Beneficial Owner" of securities tendered pursuant to a tender or
exchange offer made by such Person or any of such Person's Affiliates or
Associates until such tendered securities are accepted for payment, purchase or
exchange;

<PAGE>

                      (ii) that such Person or any of such Person's Affiliates
or Associates, directly or indirectly, has the right to vote or dispose of or
has "beneficial ownership" of (as determined pursuant to Rule 13d-3 of the
General Rules and Regulations under the Exchange Act), including without
limitation pursuant to any agreement, arrangement or understanding, whether or
not in writing; provided, however, that a Person shall not be deemed the
"Beneficial Owner" of any security under this subsection (ii) as a result of an
oral or written agreement, arrangement or understanding to vote such security if
such agreement, arrangement or understanding (A) arises solely from a revocable
proxy given in response to a public proxy or consent solicitation made pursuant
to, and in accordance with, the applicable provisions of the General Rules and
Regulations under the Exchange Act, and (B) is not then reportable by such
Person on Schedule 13D under the Exchange Act (or any comparable or successor
report); or

                      (iii) where voting securities are beneficially owned,
directly or indirectly, by any other Person (or any Affiliate or Associate
thereof) with which such Person (or any of such Person's Affiliates or
Associates) has any agreement, arrangement or understanding (whether or not in
writing) for the purpose of acquiring, holding, voting (except pursuant to a
revocable proxy as described in the proviso to subsection (ii) above) or
disposing of any voting securities of the Company; provided, however, that
nothing in this subsection (d) shall cause a Person engaged in business as an
underwriter of securities to be the "Beneficial Owner" of any securities
acquired through such Person's participation in good faith in a firm commitment
underwriting until the expiration of forty days after the date of such
acquisition.

                      (d) "Board" shall mean the board of directors of the
Company. (e) "Cause" shall mean 1) misappropriation of funds, 2) habitual
insobriety or substance abuse, 3) conviction of a crime involving moral
turpitude, 4) gross negligence in the performance of duties, which gross
negligence has had a material adverse effect on the business, operations,
assets, properties or financial condition of the Company and its Subsidiaries
taken as a whole.

                      (f) "Change of Control" shall be deemed to have taken
place if (i) any Person (except the Company or any employee benefit plan of the
Company or of any Affiliate, any Person or entity organized, appointed or
established by the Company for or pursuant to the terms of any such employee
benefit plan), together with all Affiliates and Associates of such Person, shall
become the Beneficial Owner in the aggregate of 20% or more of the common stock
of Maritrans then outstanding); provided, however, that no "Change of Control"
shall be deemed to occur during any period in which any such Person, and its
Affiliates and Associates, are bound by the terms of a standstill agreement
under which such parties have agreed not to acquire more than 30% of the common
stock of the Company of the Common Stock of the Company then outstanding or to
solicit proxies, (ii) during any twenty-four month period, individuals who at
the beginning of such period constituted the board of directors of Maritrans
cease for any reason to constitute a majority thereof, unless the election, or
the nomination for election by the Maritrans' shareholders, of at least
seventy-five percent of the directors who were not directors at the beginning of
such period was approved by a vote of at least seventy-five percent of the
directors in office at the time of such election or nomination who were
directors at the beginning of such period, (iii) consummation by Maritrans of a
reorganization, merger or consolidation (a "Business Combination"), in each
case, with respect to which all or substantially all of the individuals and
entities who were the respective beneficial owners of the outstanding common
stock of Maritrans prior to such Business Combination do not, following such
Business Combination, beneficially own, directly or indirectly, more than 50% of
the then outstanding shares of common stock entitled to vote generally in the
election of directors of the corporation, business trust or other entity
resulting from or being the surviving entity in such Business Combination in
substantially the same proportion as their ownership immediately prior to such
Business Combination of the outstanding common stock or Maritrans, or (iv)
consummation of a complete liquidation or dissolution of Maritrans or sale or
other disposition of all or substantially all of the assets of Maritrans other
than to a corporation, business trust or other entity with respect to which,
following such sale or disposition, more than 50% of the then outstanding shares
of common stock entitled to vote generally in the election of directors, is then
owned beneficially, directly or indirectly, by all or substantially all of the
individuals and entities who were the beneficial owners of the outstanding
common stock of Maritrans immediately prior to such sale or disposition in
substantially the same proportion as their ownership of the outstanding common
stock immediately prior to such sale or disposition.

<PAGE>

                      (g) "Normal Retirement Date" shall mean the first day of
the calendar month coincident with or next following the Employee's 65th
birthday.

                      (h) "Person" shall mean any individual, firm, corporation,
partnership or other entity.

                      (i) "Subsidiary" shall have the meaning ascribed to such
term in Rule 12b-2 of the General Rules and Regulations under the Exchange Act.

                      (j) "Termination Date" shall mean the date of receipt of
the Notice of Termination described in Section 2 hereof or any later date
specified therein, as the case may be.

                      (k) "Termination of Employment" shall mean the termination
of the Employee's actual employment relationship with the Company.

                      (l) "Termination following a Change of Control" shall mean
a Termination of Employment within two years after a Change of Control either:

                      (i) initiated by the Company for any reason other than (x)
the Employee's continuous illness, injury or incapacity for a period of six
consecutive months or (y) for "Cause;" or

                      (ii) initiated by the Employee upon one or more of the
following occurrences:

                      (A) any failure of the Company to comply with and satisfy
                      any of the terms of this Agreement;

                      (B) any significant reduction by the Company of the
                      authority, duties or responsibilities of the Employee;

                      (C) any removal by the Company of the Employee from the
                      employment grade, compensation level or officer positions
                      which the Employee holds as of the effective date hereof
                      except in connection with promotions to higher office;

                      (D) the requirement that the Employee undertake business
                      travel to an extent substantially greater than is
                      reasonable and customary for the position the Employee
                      holds.

                      2. Notice of Termination. Any Termination of Employment
shall be communicated by a Notice of Termination to the other party hereto given
in accordance with Section 14 hereof. For purposes of this Agreement, a "Notice
of Termination" means a written notice which (i) indicates the specific reasons
for the termination, (ii) briefly summarizes the facts and circumstances deemed
to provide a basis for termination of the Employee's employment, and (iii) if
the Termination Date is other than the date of receipt of such notice, specifies
the Termination Date (which date shall not be more than 15 days after the giving
of such notice).

<PAGE>

                      3. Severance Compensation upon Termination.

                      (a) In the event of the Employee's involuntary Termination
of Employment for reason other than Cause, the Company shall continue to pay to
the Employee, upon the execution of a release substantially in the form being
used by the Company, prior to a Change of Control, for terminating executives,
an amount equal to one-half his Base Compensation, subject to customary
employment taxes and deductions, for six months following the Termination Date
but all other benefit coverages (except as specified by law or regulation),
retirement benefits and fringe benefit eligibility shall cease upon the
Termination Date.

                      (b) Subject to the provisions of Section 11 hereof, in the
event of the Employee's Termination following a Change of Control or in the
event that a Change of Control occurs within six months after a Termination of
Employment requiring a payment under subsection (a), the Company shall pay to
the Employee, within 30 days after the Termination Date (or as soon as possible
thereafter in the event that the procedures set forth in Section 11(b) hereof
cannot be completed within 30 days or payments have already commenced under
subsection (a) above), and in lieu of, or reduced by, as applicable, any payment
under subsection (a) above, a single sum in cash equal to one times the
Employee's Base Compensation.

                      (c) In the event the Employee's Normal Retirement Date
would occur prior to 24 months after the Termination Date, the aggregate cash
amount determined as set forth in (a) above shall be reduced by multiplying it
by a fraction, the numerator of which shall be the number of days from the
Termination Date to the Employee's Normal Retirement Date and the denominator of
which shall be 730.

                      (d) As additional consideration for the non-competition
and non-solicitation covenants contained in Sections 12 and 13, (i) if payments
are made under subsection (a) above, an amount equal to his Base Compensation,
subject to customary employment taxes and deductions, for 12 months following
his Termination Date, or (ii) if payments are made under subsection (b) above, a
single cash payment, within 30 days after the effective date of the Termination
of Employment, equal to Employee's Base Compensation.

                      4. Other Payments. The payment due under Section 3 hereof
shall be in addition to and not in lieu of any payments or benefits due to the
Employee under any other plan, policy or program of the Company except that no
payments shall be due to the Employee under the Company's then severance pay
plan for employees.

                      5. Establishment of Trust. The Company may establish an
irrevocable trust fund pursuant to a trust agreement to hold assets to satisfy
its obligations hereunder. Funding of such trust fund shall be subject to the
Company's discretion, as set forth in the agreement pursuant to which the fund
will be established.

                      6. Enforcement.

                      (a) In the event that the Company shall fail or refuse to
make payment of any amounts due the Employee under Sections 3(b) and 4 hereof
within the respective time periods provided therein, the Company shall pay to
the Employee, in addition to the payment of any other sums provided in this
Agreement, interest, compounded daily, on any amount remaining unpaid from the
date payment is required under Section 3(b) and 4, as appropriate, until paid to
the Employee, at the rate from time to time announced by Mellon Bank (East) as
its "prime rate" plus 2%, each change in such rate to take effect on the
effective date of the change in such prime rate.

<PAGE>

                      (b) It is the intent of the parties that the Employee not
be required to incur any expenses associated with the enforcement of his rights
under Section 3(b) of this Agreement by arbitration, litigation or other legal
action because the cost and expense thereof would substantially detract from the
benefits intended to be extended to the Employee hereunder. Accordingly, the
Company shall pay the Employee on demand the amount necessary to reimburse the
Employee in full for all expenses (including all attorneys' fees and legal
expenses) incurred by the Employee in enforcing any of the obligations of the
Company under this Agreement.

                      7. No Mitigation. The Employee shall not be required to
mitigate the amount of any payment or benefit provided for in this Agreement by
seeking other employment or otherwise, nor shall the amount of any payment or
benefit provided for herein be reduced by any compensation earned by other
employment or otherwise.

                      8. Non-exclusivity of Rights. Nothing in this Agreement
shall prevent or limit the Employee's continuing or future participation in or
rights under any benefit, bonus, incentive or other plan or program provided by
the Company or any of its Subsidiaries or Affiliates and for which the Employee
may qualify; provided, however, that the Employee hereby waives the Employee's
right to receive any payments under any severance pay plan or similar program
applicable to other employees of the Company.

                      9. No Set-Off. The Company's obligation to make the
payments provided for in this Agreement and otherwise to perform its obligations
hereunder shall not be affected by any circumstances, including, without
limitation, any set-off, counterclaim, recoupment, defense or other right which
the Company may have against the Employee or others.

                      10. Taxes. Any payment required under this Agreement shall
be subject to all requirements of the law with regard to the withholding of
taxes, filing, making of reports and the like, and the Company shall use its
best efforts to satisfy promptly all such requirements.

<PAGE>

                      11. Certain Reduction of Payments.

                      (a) Anything in this Agreement to the contrary
notwithstanding, in the event that it shall be determined that any payment or
distribution by the Company to or for the benefit of the Employee, whether paid
or payable or distributed or distributable pursuant to the terms of this
Agreement or otherwise (a "Payment"), would constitute an "excess parachute
payment" within the meaning of Section 280G of the Internal Revenue Code of
1986, as amended (the "Code"), and that it would be economically advantageous to
the Employee to reduce the Payment to avoid or reduce the taxation of excess
parachute payments under Section 4999 of the Code, the aggregate present value
of amounts payable or distributable to or for the benefit of the Employee
pursuant to this Agreement (such payments or distributions pursuant to this
Agreement are hereinafter referred to as "Agreement Payments") shall be reduced
(but not below zero) to the Reduced Amount. The "Reduced Amount" shall be an
amount expressed in present value which maximizes the aggregate present value of
Agreement Payments without causing any Payment to be subject to the taxation
under Section 4999 of the Code. For purposes of this Section 11, present value
shall be determined in accordance with Section 280G(d)(4) of the Code.

                      (b) All determinations to be made under this Section 11
shall be made by Ernst & Young (or the Company's independent public accountant
immediately prior to the Change of Control if other than Ernst & Young (the
"Accounting Firm")), which firm shall provide its determinations and any
supporting calculations both to the Company and the Employee within 10 days of
the Termination Date. Any such determination by the Accounting Firm shall be
binding upon the Company and the Employee. The Employee shall in his sole
discretion determine which and how much of the Agreement Payments shall be
eliminated or reduced consistent with the requirements of this Section. Within
five days after the Employee's determination, the Company shall pay (or cause to
be paid) or distribute (or cause to be distributed) to or for the benefit of the
Employee such amounts as are then due to the Employee under this Agreement.

                      (c) As a result of the uncertainty in the application of
Section 280G of the Code at the time of the initial determination by the
Accounting Firm hereunder, it is possible that Agreement Payments, as the case
may be, will have been made by the Company which should not have been made
("Overpayment") or that additional Agreement Payments which have not been made
by the Company could have been made ("Underpayment"), in each case, consistent
with the calculations required to be made hereunder. Within two years after the
Termination of Employment, the Accounting Firm shall review the determination
made by it pursuant to the preceding paragraph. In the event that the Accounting
Firm determines that an Overpayment has been made, any such Overpayment shall be
treated for all purposes as a loan to the Employee which the Employee shall
repay to the Company together with interest at the applicable Federal rate
provided for in Section 7872(f)(2) of the Code (the "Federal Rate"); provided,
however, that no amount shall be payable by the Employee to the Company if and
to the extent such payment would not reduce the amount which is subject to
taxation under Section 4999 of the Code. In the event that the Accounting Firm
determines that an Underpayment has occurred, any such Underpayment shall be
promptly paid by the Company to or for the benefit of the Employee together with
interest at the Federal Rate.

<PAGE>

                      (d) All of the fees and expenses of the Accounting Firm in
performing the determinations referred to in subsections (b) and (c) above shall
be borne solely by the Company. The Company agrees to indemnify and hold
harmless the Accounting Firm of and from any and all claims, damages and
expenses resulting from or relating to its determinations pursuant to
subsections (b) and (c) above, except for claims, damages or expenses resulting
from the gross negligence or willful misconduct of the Accounting Firm.

                      12. Confidential Information. The Employee recognizes and
acknowledges that, by reason of his employment by and service to the Company, he
has had and will continue to have access to confidential information of the
Company and its affiliates, including, without limitation, information and
knowledge pertaining to products and services offered, innovations, designs,
ideas, plans, trade secrets, proprietary information, distribution and sales
methods and systems, sales and profit figures, customer and client lists, and
relationships between the Company and its affiliates and other distributors,
customers, clients, suppliers and others who have business dealings with the
Company and its affiliates ("Confidential Information"). The Employee
acknowledges that such Confidential Information is a valuable and unique asset
and covenants that he will not, either during or after his employment by the
Company, disclose any such Confidential Information to any person for any reason
whatsoever without the prior written authorization of the Board, unless such
information is in the public domain through no fault of the Employee or except
as may be required by law.

                      13. Non-Competition.

                      (a) During his employment by the Company and for a period
of one year thereafter, the Employee will not, unless acting with the prior
written consent of the Board, directly or indirectly, own, manage, operate,
join, control, finance or participate in the ownership, management, operation,
control or financing of, or be connected as an officer, director, employee,
partner, principal, agent, representative, consultant or otherwise with or use
or permit his name to be used in connection with, any business or enterprise
engaged in a geographic area in which the Company or any of its affiliates is
operating either during his employment by the Company or on the Termination
Date, as applicable, presently on the East Coast of the United States or at any
port in the Gulf of Mexico (whether or not such business is physically located
within those areas) (the "Geographic Area"), in any business that is a customer
of, competitive to, a business from which the Company or any of its affiliates
derive at least five percent of its respective gross revenues either during his
employment by the Company or on the Termination Date, as applicable. It is
recognized by the Employee that the business of the Company and its affiliates
and the Employee's connection therewith is or will be involved in activity
throughout the Geographic Area, and that more limited geographical limitations
on this non-competition covenant are therefore not appropriate. The Employee
also shall not, directly or indirectly, during such one-year period (a) solicit
or divert business from, or attempt to convert any client, account or customer
of the Company or any of its affiliates, whether existing at the date hereof or
acquired during Employee's employment nor (b) following Employee's employment,
solicit or attempt to hire any then employee of the Employer or of any of its
affiliates.

                      (b) The foregoing restriction shall not be construed to
prohibit the ownership by the Employee of less than one percent (1%) of any
class of securities of any corporation which is engaged in any of the foregoing
businesses having a class of securities registered pursuant to the Securities
Exchange Act of 1934, provided that such ownership represents a passive
investment and that neither the Employee nor any group of persons including
Employee in any way, either directly or indirectly, manages or exercises control
of any such corporation, guarantees any of its financial obligations, otherwise
takes any part in its business, other than exercising his rights as a
shareholder, or seeks to do any of the foregoing.

<PAGE>

                      14.     Equitable Relief.

                      (a) Employee acknowledges that the restrictions contained
in Sections 12 and 13 hereof are reasonable and necessary to protect the
legitimate interests of the Company and its affiliates, that the Company would
not have entered into this Agreement in the absence of such restrictions, and
that any violation of any provision of those Sections will result in irreparable
injury to the Company. The Employee represents that his experience and
capabilities are such that the restrictions contained in Section 13 hereof will
not prevent the Employee from obtaining employment or otherwise earning a living
at the same general level of economic benefit as anticipated by this Agreement.
The Employee further represents and acknowledges that (i) he has been advised by
the Company to consult his own legal counsel in respect of this Agreement, and
(ii) that he has had full opportunity, prior to execution of this Agreement, to
review thoroughly this Agreement with his counsel.

                      (b) The Employee agrees that the Company shall be entitled
to preliminary and permanent injunctive relief, without the necessity of proving
actual damages, as well as an equitable accounting of all earnings, profits and
other benefits arising from any violation of Sections 12 or 13 hereof, which
rights shall be cumulative and in addition to any other rights or remedies to
which the Company may be entitled. In the event that any of the provisions of
Sections 12 or 13 hereof should ever be adjudicated to exceed the time,
geographic, service, or other limitations permitted by applicable law in any
jurisdiction, then such provisions shall be deemed reformed in such jurisdiction
to the maximum time, geographic, service, or other limitations permitted by
applicable law.

                      (c) The Employee irrevocably and unconditionally (i)
agrees that any suit, action or other legal proceeding arising out of Section 12
or 13 hereof, including without limitation, any action commenced by the Company
for preliminary and permanent injunctive relief or other equitable relief, may
be brought in the United States District Court for the Eastern District of
Pennsylvania, or if such court does not have jurisdiction or will not accept
jurisdiction, in any court of general jurisdiction in Philadelphia County,
Pennsylvania, (ii) consents to the non-exclusive jurisdiction of any such court
in any such suit, action or proceeding, and (iii) waives any objection which
Employee may have to the laying of venue of any such suit, action or proceeding
in any such court. Employee also irrevocably and unconditionally consents to the
service of any process, pleadings, notices or other papers in a manner permitted
by the notice provisions of Section 17 hereof.

                      (d) Employee agrees that he will provide, and that the
Company may similarly provide, a copy of Sections 12 and 13 hereof to any
business or enterprise (i) which he may directly or indirectly own, manage,
operate, finance, join, control or participate in the ownership, management,
operation, financing, control or control of, or (ii) with which he may be
connected with as an officer, director, employee, partner, principal, agent,
representative, consultant or otherwise, or in connection with which he may use
or permit his name to be used; provided, however, that this provision shall not
apply in respect of Section 3 hereof after expiration of the time period set
forth therein.

                      15. Term of Agreement. The term of this Agreement shall be
for two years from the date hereof and shall be automatically renewed for
successive one-year periods unless the Company notifies the Employee in writing
that this Agreement will not be renewed at least sixty days prior to the end of
the current term; provided, however, that (i) a failure of the Company to renew
at a time when the Employee is employed by the Company shall constitute an
involuntary Termination of Employment entitling the Employee to terminate
employment from the Company and to the payments provided by Section 3(a) unless
the Employee elects to continue employment, within 30 days after a non-renewal,
and, thereby, waive such payments in connection with the failure to renew, (ii)
after a Change of Control during the term of this Agreement, this Agreement
shall remain in effect until all of the obligations of the parties hereunder are
satisfied or have expired, and (iii) this Agreement shall terminate if, prior to
a Change of Control, the employment of the Employee with the Company or any of
its Subsidiaries, as the case may be, shall terminate for any reason, or the
Employee shall cease to be an Employee, except as provided in clause (i) or in
Section 3(b).

<PAGE>

                      16. Successor Company. The Company shall require any
successor or successors (whether direct or indirect, by purchase, merger,
consolidation or otherwise) to all or substantially all of the business and/or
assets of the Company, by agreement in form and substance satisfactory to the
Employee, to acknowledge expressly that this Agreement is binding upon and
enforceable against the Company in accordance with the terms hereof, and to
become jointly and severally obligated with the Company to perform this
Agreement in the same manner and to the same extent that the Company would be
required to perform if no such succession or successions had taken place.
Failure of the Company to obtain such agreement prior to the effectiveness of
any such succession shall be a breach of this Agreement. As used in this
Agreement, the Company shall mean the Company as hereinbefore defined and any
such successor or successors to its business and/or assets, jointly and
severally.

                      17. Notice. All notices and other communications required
or permitted hereunder or necessary or convenient in connection herewith shall
be in writing and shall be delivered personally or mailed by registered or
certified mail, return receipt requested, or by overnight express courier
service, as follows:

                      If to the Company, to:

                              Maritrans Inc.
                              1818 Market Street
                              Philadelphia, PA  19103
                              Attention:  Corporate Secretary

                      If to the Employee, to:

                              Stephen M. Hackett
                              308 Edgemore Road
                              Secane, PA  19018

or to such other names or addresses as the Company or the Employee, as the case
may be, shall designate by notice to the other party hereto in the manner
specified in this Section; provided, however, that if no such notice is given by
the Company following a Change of Control, notice at the last address of the
Company or to any successor pursuant to Section 16 hereof shall be deemed
sufficient for the purposes hereof. Any such notice shall be deemed delivered
and effective when received in the case of personal delivery, five days after
deposit, postage prepaid, with the U.S. Postal Service in the case of registered
or certified mail, or on the next business day in the case of overnight express
courier service.

                      18. Governing Law. This Agreement shall be governed by and
interpreted under the laws of the Commonwealth of Pennsylvania without giving
effect to any conflict of laws provisions.

<PAGE>

                      19. Contents of Agreement, Amendment and Assignment.

                      (a) This Agreement supersedes all prior agreements, sets
forth the entire understanding between the parties hereto with respect to the
subject matter hereof and cannot be changed, modified, extended or terminated
except upon written amendment executed by the Employee and approved by the Board
and executed on the Company's behalf by a duly authorized officer. The
provisions of this Agreement may provide for payments to the Employee under
certain compensation or bonus plans under circumstances where such plans would
not provide for payment thereof. It is the specific intention of the parties
that the provisions of this Agreement shall supersede any provisions to the
contrary in such plans, and such plans shall be deemed to have been amended to
correspond with this Agreement without further action by the Company or the
Board.

                      (b) Nothing in this Agreement shall be construed as giving
the Employee any right to be retained in the employ of the Company.

                      (c) All of the terms and provisions of this Agreement
shall be binding upon and inure to the benefit of and be enforceable by the
respective heirs, representatives, successors and assigns of the parties hereto,
except that the duties and responsibilities of the Employee and the Company
hereunder shall not be assignable in whole or in part by the Company.

                      20. Severability. If any provision of this Agreement or
application thereof to anyone or under any circumstances shall be determined to
be invalid or unenforceable, such invalidity or unenforceability shall not
affect any other provisions or applications of this Agreement which can be given
effect without the invalid or unenforceable provision or application.

                      21. Remedies Cumulative; No Waiver. No right conferred
upon the Employee by this Agreement is intended to be exclusive of any other
right or remedy, and each and every such right or remedy shall be cumulative and
shall be in addition to any other right or remedy given hereunder or now or
hereafter existing at law or in equity. No delay or omission by the Employee in
exercising any right, remedy or power hereunder or existing at law or in equity
shall be construed as a waiver thereof, including, without limitation, any delay
by the Employee in delivering a Notice of Termination pursuant to Section 2
hereof after an event has occurred which would, if the Employee had resigned,
have constituted a Termination following a Change of Control pursuant to Section
1(l)(ii) of this Agreement.

                      22. Miscellaneous. All section headings are for
convenience only. This Agreement may be executed in several counterparts, each
of which is an original. It shall not be necessary in making proof of this
Agreement or any counterpart hereof to produce or account for any of the other
counterparts.

                      23. Termination of Agreement. This Agreement shall
supersede and replace the Agreement which shall hereafter be null and void and
of no further force and effect.

<PAGE>

                      IN WITNESS WHEREOF, the undersigned, intending to be
legally bound, have executed this Agreement as of the date first above written.

Attest:                                       Maritrans General Partner Inc.

    [Seal]

                                              By /s/ Walter T. Bromfield
_______________________                          ---------------------------

/s/ Janice M. Smallacombe                     /s/ Stephen M. Hackett
---------------------------                   ------------------------------
Witness                                       Stephen M. Hackett

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