Document:

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                                                                    EXHIBIT 10.4

                         FIRST AMENDMENT AND SUPPLEMENT
                        TO TERMINATION BENEFITS AGREEMENT

            This First Amendment and Supplement to Termination Benefits
Agreement dated as of April 30, 2004 (this "Amendment and Supplement"), amends
and supplements that certain Termination Benefits Agreement made and entered
into as of December 22, 2003 (the "Agreement") by and between American
Commercial Lines LLC (the "Company") and its affiliates American Commercial
Barge Line LLC ("ACBL"), American Commercial Lines International LLC ("ACLI")
and Jeffboat LLC ("Jeffboat"), and W. Norb Whitlock ("Employee").

                                    RECITALS

            A.    Employee currently serves as Senior Vice President of
Operations of ACBL.

            B.    The Company desires for Employee to serve as its President and
Chief Operating Officer, and Employee desires to serve the Company in such
positions.

            C.    The Company also desires Employee to serve as a member of its
Board of Managers.

            D.    The Company, ACBL, ACLI and Jeffboat and Employee desire to
amend and supplement the terms of the Agreement and to continue their
relationship under the Agreement as modified by the provisions of this Amendment
and Supplement.

                                    AMENDMENT

            In consideration of the foregoing, the mutual covenants herein
contained and the mutual benefits herein provided, the Company, ACBL, ACLI, and
Jeffboat, and Employee hereby agree to amend and supplement the Agreement as
follows:

            1.    Effective April 30, 2004, Employee shall serve as the
Company's President and Chief Operating Officer and shall not continue to serve
as Senior Vice President of Operations of ACBL. Employee's employment with ACBL
shall continue to be on an at-will basis, which means either ACBL or Employee
may terminate the employment relationship at any time for any reason.

            2.    Effective April 30, 2004, Employee accepts his appointment as
a member of the Board of Managers of the Company pursuant to the Unanimous
Written Consent of the Board of Managers of American Commercial Lines LLC dated
as of April 15, 2004.

            3.    Effective April 30, 2004, ACBL shall increase Employee's base
salary to Two Hundred Thirty-Five Thousand ($235,000) on an annualized basis.
ACBL shall have the right to review the base salary periodically to determine,
at the discretion of ACBL, whether the

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base salary should be adjusted and, if so, the amount of such adjustment and
the time at which the adjustment should take effect.

            4.    Employee shall be entitled to participate in any incentive
bonus plan or program which the Company or ACBL may adopt or implement
specifically for Employee from time to time during Employee's service as the
Company's President and Chief Operating Officer. The initial incentive bonus
program under which Employee shall be eligible to earn an incentive bonus
totaling up to one hundred percent (100%) of Employee's base salary is as
follows:

            If during the year ending December 31, 2004, the Company and its
            subsidiaries achieve the consolidated EBITDA financial targets that
            have been set by the Company, which EBITDA targets are set forth on
            the schedule attached to this Amendment and Supplement as Schedule
            4, then the Company agrees to pay Employee a lump sum bonus in the
            gross amount of Two Hundred Thirty-Five Thousand Dollars ($235,000).
            Employee must be employed with the Company or one of its
            subsidiaries through December 31, 2004, to be eligible to earn and
            receive such incentive bonus. The bonus, if earned, shall be payable
            by January 31, 2005. In the event the Company and its subsidiaries
            achieve certain, but not all, of the consolidated EBITDA targets,
            the Company in its sole discretion may, but is not obligated to, pay
            a portion of the incentive bonus to Employee. The foregoing
            incentive bonus for the year ending December 31, 2004, is in lieu of
            and supersedes any other incentive bonus program for Employee for
            the year ending December 31, 2004.

            5.    Section 5(a) of the Agreement is amended in its entirety to
read as follows:

            (a)   without Employee's written consent, the reassignment by the
                  Company or an Affiliate, other than for Cause, of Employee to
                  any position or duties which constitute a substantial
                  reduction of Employee's duties or status with the Company or
                  an Affiliate as such duties or status existed as of
                  immediately prior to Employee being named the President and
                  Chief Operating Officer of the Company and which does not
                  represent a promotion from the position Employee held as of
                  immediately prior to Employee being named President and Chief
                  Operating Officer of the Company;

            6.    Section 5(b) of the Agreement is amended in its entirety to
read as follows:

            (b)   without Employee's written consent, a reduction by the Company
                  or an Affiliate, other than for Cause, in Employee's base
                  salary from the level of such base salary as of immediately
                  prior to Employee being named the Company's President and
                  Chief Operating Officer;

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            7.    Except as specifically amended or supplemented by this
Amendment and Supplement, all of the provisions of the Agreement shall remain
unchanged and continue in full force and effect.

            8.    This Amendment and Supplement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which shall
constitute one and the same agreement.

            IN WITNESS WHEREOF, the parties have executed this Amendment and
Supplement as of the date first above written.

AMERICAN COMMERCIAL LINES LLC                      EMPLOYEE

By: /s/ Lisa L. Fleming                            /s/ W. Norb Whitlock
    -----------------------------------------      ---------------------------
Printed Name: Lisa L. Fleming                      W. Norb Whitlock
Title: Sr. Vice President Law & Administration

AMERICAN COMMERCIAL BARGE
LINE LLC

By: /s/ Lisa L. Fleming
    -----------------------------------------

Printed Name: Lisa L. Fleming

Title: Sr. Vice President Law & Administration

AMERICAN COMMERCIAL LINES
INTERNATIONAL LLC

By: /s/ Lisa L. Fleming
    -----------------------------------------

Printed Name: Lisa L. Fleming

Title: Sr. Vice President Law & Administration

JEFFBOAT LLC

By: /s/ Lisa L. Fleming
    -----------------------------------------

Printed Name: Lisa L. Fleming

Title: Sr. Vice President Law & Administration

<PAGE>

                                   Schedule 4

                        EBITDA FINANCIAL TARGETS FOR 2004

<TABLE>
<CAPTION>
           COMPANY               ANNUAL EBITDA TARGET
------------------------------   --------------------
<S>                              <C>
American Commercial Barge Line      $  54,165,000

American Commercial Terminals       $   1,330,000

Louisiana Dock Company              $  12,834,000
</TABLE>

                                      -2-<PAGE>

                                                                    EXHIBIT 10.5

                         SECOND AMENDMENT AND SUPPLEMENT
                        TO TERMINATION BENEFITS AGREEMENT

            This Second Amendment and Supplement to Termination Benefits
Agreement dated as of January 18, 2005 (this "Amendment and Supplement"),
further amends and supplements that certain Termination Benefits Agreement made
and entered into as of December 22, 2003 (the "Agreement") by and among American
Commercial Lines LLC (the "Company") and its affiliates American Commercial
Barge Line LLC ("ACBL"), American Commercial Lines International LLC ("ACLI")
and Jeffboat LLC ("Jeffboat") and W. N. Whitlock ("Employee") and amended
pursuant to that certain First Amendment and Supplement dated as of April 30,
2004.

                                    RECITALS

            A.    Employee currently serves as Senior Vice President of
Operations of ACBL, as President and Chief Operating Officer of the Company and
as a member of the Company's Board of Managers.

            B.    On January 10, 2005, the Board of Directors of American
Commercial Lines, Inc. ("ACL Inc."), the Company's parent, approved the American
Commercial Lines Inc. Equity Award Plan for Employees, Officers and Directors
(the "Plan"), which authorizes the award of equity interests in ACL Inc. to
employees, officers and directors of ACL Inc. and its subsidiaries.

            C.    ACBL and the Company and Employee desire that Employee shall
be entitled to receive awards under the Plan.

            D.    The Company, ACBL, ACLI and Jeffboat and Employee desire to
amend and supplement the terms of the Agreement and to continue their
relationship under the Agreement as modified by the provisions of this Amendment
and Supplement.

                                    AMENDMENT

            In consideration of the foregoing, the mutual covenants herein
contained and the mutual benefits herein provided, the Company, ACBL, ACLI, and
Jeffboat, and Employee hereby agree to amend and supplement the Agreement as
follows:

            1.    Effective as of the date hereof, ACBL shall increase
Employee's base salary to Three Hundred Thousand Dollars ($300,000) on an
annualized basis. ACBL shall have the right to review the base salary
periodically to determine, at the discretion of ACBL, whether the base salary
should be adjusted and, if so, the amount of such adjustment and the time at
which the adjustment should take effect.

            2.    Employee shall be entitled to be granted 28,036 shares of
common stock (the "Restricted Stock"), representing approximately one half per
cent (0.50%) of the issued and outstanding shares of common stock of ACL Inc.
("Common Stock") as of the date hereof. The Restricted Stock shall be restricted
and non-transferable, as set forth in the Restricted Stock Award Agreement, in
the form attached hereto as Exhibit A. Employee shall be entitled only to such
rights with respect to the Restricted Stock, as are set forth in the Restricted
Stock Award

<PAGE>

Agreement. The restrictions upon the Restricted Stock shall lapse
and Employee shall acquire "ownership" of the Restricted Stock on a pro rata
basis over a period of three (3) years from the date of grant. Any future awards
of restricted stock, if any, shall be subject to performance-based vesting
requirements.

            3.    Employee shall be entitled to be granted options to purchase
28,036 shares of Common Stock (the "Options"), representing approximately one
half per cent (0.50%) of the issued and outstanding shares of Common Stock as of
the date hereof with an exercise price per share equal to the fair market value
of a share of Common Stock on the date hereof. For purposes hereof, as
determined by the bankruptcy court, upon emergence from Chapter 11 proceedings,
the "fair market value" of the Common Stock means $16.65 per share. The Options
shall be restricted and non-transferable, as set forth in the Stock Option
Agreement, in the forms attached hereto as Exhibits B-1 and B-2. To the extent
permitted by applicable law, the Options shall be incentive stock options in
each year and, with respect to any Options that are vested, shall be exercisable
for the applicable periods set forth in the Stock Option Agreement. The term of
the Options shall be for a period of ten (10) years following the date of the
grant of the Options hereunder, shall vest on a pro rata basis over a period of
three (3) years following the date of grant, shall be exercisable, to the extent
vested, for a period of ninety (90) days following termination, and shall be
subject to such other terms and conditions not inconsistent with the terms of
this Amendment and Supplement as are set forth in the Stock Option Agreement to
be executed by ACL Inc. and Employee and as determined by the Compensation
Committee of the Board of Directors of ACL Inc. Employee shall not be entitled
to any rights with respect to the Common Stock underlying the Options, including
the right to vote or receive dividends or distributions with respect to any of
the Common Stock underlying the Options, until such Options (or any portion
thereof) have been exercised. Any future awards of options, if any, shall be
subject to performance-based vesting requirements.

            4.    Notwithstanding any other provision in the Agreement, as
amended, this Amendment or Supplement or in the Stock Option Agreement or
Restricted Stock Award Agreement, to the extent applicable and in the event that
pursuant to the terms or requirements of the Sarbanes-Oxley Act of 2002 or of
any applicable laws, rules or regulations promulgated by the Securities and
Exchange Commission or any listing requirements of any stock exchange or stock
market on which any securities of ACL Inc. trade, from time to time, and in the
event any bonus payment, stock award or other payment is based upon the
satisfaction of financial performance metrics which are subsequently reversed
due to a restatement or reclassification of financial results of ACL Inc. or any
subsidiary or affiliate, then any payments made or awards granted shall be
returned and forfeited to the extent required and as provided by applicable
laws, rules, regulations or listing requirements. The awards made as of the date
of this Amendment and Supplement pursuant to Sections 2 or 3 of this Amendment
and Supplement are not subject to this Section 4. This Section 4 shall survive
any expiration or termination of this Amendment and Supplement for any reason.

            5.    Except as specifically amended or supplemented by this
Amendment and Supplement, all of the provisions of the Agreement shall remain
unchanged and continue in full force and effect.

            6.    This Amendment and Supplement may be executed in one or more
counterparts, each of which shall be deemed an original but all of which shall
constitute one and the same agreement.

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<PAGE>

            IN WITNESS WHEREOF, the parties have executed this Amendment and
Supplement as of the date first above written.

AMERICAN COMMERCIAL LINES LLC                      EMPLOYEE

By: /s/ Lisa L. Fleming                            /s/ W. N. Whitlock
    ------------------------------------------     ----------------------------
Printed Name: Lisa L. Fleming                      W. N. Whitlock
Title: Sr. Vice President Law & Administration

AMERICAN COMMERCIAL BARGE
LINE LLC

By: /s/ Lisa L. Fleming
    ------------------------------------------

Printed Name: Lisa L. Fleming
Title: Sr. Vice President Law & Administration

AMERICAN COMMERCIAL LINES
INTERNATIONAL LLC

By: /s/ Lisa L. Fleming
    ------------------------------------------

Printed Name: Lisa L. Fleming
Title: Sr. Vice President Law & Administration

JEFFBOAT LLC

By: /s/ Lisa L. Fleming
    ------------------------------------------

Printed Name: Lisa L. Fleming
Title: Sr. Vice President Law & Administration

                                      -3-

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