Document:

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                                                                 EXHIBIT 10.4(i)

                                                                  EXECUTION COPY

   LIMITED WAIVER TO LETTER OF CREDIT AGREEMENT, SECOND AMENDED AND RESTATED
  COMMODITIES REPURCHASE AGREEMENT AND SECOND AMENDED AND RESTATED RECEIVABLES
                               PURCHASE AGREEMENT

         This LIMITED WAIVER TO LETTER OF CREDIT AGREEMENT, SECOND AMENDED AND
RESTATED COMMODITIES REPURCHASE AGREEMENT AND SECOND AMENDED AND RESTATED
RECEIVABLES PURCHASE AGREEMENT (the "Waiver") is dated as of March 9, 2004, by
and among (1) Link Energy Limited Partnership (formerly EOTT Energy Operating
Limited Partnership) ("Link OLP"), Link Energy Canada Limited Partnership
(formerly EOTT Energy Canada Limited Partnership) ("Link Canada"), EOTT Energy
Liquids, L.P. ("EOTT Liquids") and Link Energy Pipeline Limited Partnership
(formerly EOTT Energy Pipeline Limited Partnership) ("Link Pipeline", and
together with Link OLP, Link Canada and EOTT Liquids, the "Borrowers"), Link
Energy LLC (formerly EOTT Energy LLC) ("Link LLC"), Link Energy General Partner
LLC (formerly EOTT Energy General Partner, L.L.C.) ("Link GP", and together with
Link LLC, the "Guarantors"), (2) Standard Chartered Bank ("Standard Chartered"),
and (3) Standard Chartered Trade Services Corporation ("SCTSC"). Capitalized
terms used but not otherwise defined herein shall have the meanings ascribed
thereto in the Letter of Credit Agreement (as defined below).

                  WHEREAS, the Borrowers, each Guarantor and Standard Chartered
as administrative agent for the LC Participants (in such capacity, the "LC
Agent") and as LC Participant, LC Issuer and Collateral Agent, entered into that
Letter of Credit Agreement, dated as of February 11, 2003 (as amended,
supplemented, restated or otherwise modified from time to time, the "Letter of
Credit Agreement");

                  WHEREAS, Link OLP, SCTSC and Standard Chartered have entered
into that Second Amended and Restated Commodities Repurchase Agreement, dated as
of February 11, 2003 (as amended, supplemented, restated or otherwise modified
from time to time, the "Crude Oil Purchase Agreement");

                  WHEREAS, Link OLP, SCTSC and Standard Chartered have entered
into that Second Amended and Restated Receivables Purchase Agreement, dated as
of February 11, 2003 (as amended, supplemented, restated or otherwise modified
from time to time, the "Receivables Purchase Agreement"); and

                  WHEREAS, the Borrowers and Guarantors have requested, and
Standard Chartered and SCTSC are willing to grant, a waiver with respect to the
Letter of Credit Agreement, Crude Oil Purchase Agreement and Receivables
Purchase Agreement as set forth herein subject to the terms and conditions
contained herein.

                  NOW THEREFORE, in consideration of the premises contained in
this Waiver, and fully intending to be legally bound by this Waiver, the
Borrowers, the Guarantors, Standard Chartered and SCTSC hereby agree as follows:

         SECTION 1. LIMITED WAIVER. (a) Effective as of the Effective Date,
Standard Chartered hereby waives any Event of Default pursuant to (i) Section
8(d) of the Letter of Credit

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Agreement resulting from (A) the Borrowers having permitted Consolidated EBIDA
for the Reference Period ended on December 31, 2003 to be less than $12,684,000
in breach of Section 7(p) of the Letter of Credit Agreement and (B) the
Borrowers having permitted the ratio of Consolidated EBIDA to Consolidated Total
Interest Expense for the Reference Period ended on December 31, 2003 to be less
than 1.11:1.00 in breach of Section 7(r) of the Letter of Credit Agreement, (ii)
Section 8(b) and (d) of the Letter of Credit Agreement resulting from the
Borrowers permitting the aggregate LC obligations to exceed the Borrowing Base
and the failure of the Borrowers to pay to the Collateral Agent an amount at
least equal to such excess within the permitted time period in breach of Section
2(h) of the Letter of Credit Agreement, (iii) Section 8(g) of the Letter of
Credit Agreement resulting from an Event of Default under and as defined in that
certain Secured Promissory Note, dated December 31, 2002 ("Enron Note"), in the
initial principal amount of $6,211,673.13, payable by Link OLP in favor of Enron
resulting from the failure of Link OLP to cause the letter of credit that was
issued to secure the Enron Note to be renewed or replaced by July 18, 2003,
which is at least 10 business days prior to its expiry, as required by the terms
of the Enron Note, which failure has been remedied at the date hereof, (iv)
Section 8(c) and (n) of the Letter of Credit Agreement resulting from the
occurrence of any "default" or "event of default" under any Credit Document
resulting from an Event of Default under the Letter of Credit Agreement waived
hereby or an "event of default" under the Lehman Credit Agreement waived
pursuant to the Term Loan Waiver, and (v) Section 8(h) of the Letter of Credit
Agreement resulting from the occurrence of a "Default" or "Event of Default"
under and as defined in the Lehman Credit Agreement waived pursuant to Section 1
of the Term Loan Waiver.

         (b) Effective as of the Effective Date, SCTSC hereby waives (i) the
"Event of Default" (as defined in the Crude Oil Purchase Agreement) pursuant to
Section 11(d) of the Crude Oil Purchase Agreement resulting from the occurrences
of the Events of Default under and as defined in the Letter of Credit Agreement
waived by Standard Chartered pursuant to Section 1(a) hereof, and (ii) the
"Event of Seller Default" (as defined in the Receivables Purchase Agreement)
pursuant to Section 5(C) of the Receivables Purchase Agreement resulting from
the occurrence of the Events of Default under and as defined in the Letter of
Credit Agreement waived by Standard Chartered pursuant to Section 1(a) hereof.

         SECTION 2. REPRESENTATIONS AND WARRANTIES. In order to induce Standard
Chartered and SCTSC to enter into this Waiver, the Borrowers and the Guarantors
represent and warrant to Standard Chartered and SCTSC (which representations and
warranties shall survive the execution and delivery of this Waiver), that on and
as of the Effective Date after giving effect to this Waiver and the Term Loan
Waiver referred to below, (a) all of the representations and warranties
contained in the Letter of Credit Agreement and in the other Credit Documents
(except to the extent that such representations and warranties relate expressly
to an earlier date) are true and correct and (b) no "Default," "Event of
Default" or "Event of Seller Default" under the Letter of Credit Agreement, the
Crude Oil Purchase Agreement or the Receivables Purchase Agreement other than
those described in Section 1 hereof has occurred and is continuing.

         SECTION 3. CONDITIONS TO EFFECTIVENESS. This Waiver shall be deemed to
be effective as of the date hereof (the "Effective Date") only upon (a) the due
execution and delivery of this Waiver by the Borrowers, the Guarantors, Standard
Chartered, and SCTSC, (b) receipt by Standard Chartered of a waiver fee of
$100,000, and (c) the due execution and delivery of a

                                       2

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waiver to the Lehman Credit Agreement in substantially the form attached hereto
as Exhibit A (the "Term Loan Waiver") by the Borrowers, the Guarantors, the
Majority Term Lenders and the Term Lender Agent, waiving certain "Events of
Default" (under and as defined in the Lehman Credit Agreement).

         SECTION 4. APPLICABLE LAW. THIS WAIVER SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE
PRINCIPLES OF CONFLICTS OF LAW.

         SECTION 5. EFFECT; RATIFICATION. The waivers set forth herein are
effective solely for the purposes set forth herein and shall be limited
precisely as written, and shall not be deemed to (i) except as expressly
provided in this Waiver, be a consent to any amendment, waiver or modification
of any term or condition of the Letter of Credit Agreement, the Crude Oil
Purchase Agreement, the Receivables Purchase Agreement or of any other Credit
Document or (ii) prejudice any right or rights that Standard Chartered or SCTSC
may now have or may have in the future under or in connection with the Letter of
Credit Agreement, the Crude Oil Purchase Agreement, the Receivables Purchase
Agreement or any other Credit Document. This Waiver shall be construed in
connection with and as part of the Letter of Credit Agreement, the Crude Oil
Purchase Agreement and the Receivables Purchase Agreement and all terms,
conditions, representations, warranties, covenants and agreements set forth in
the Letter of Credit Agreement, the Crude Oil Purchase Agreement, the
Receivables Purchase Agreement and each other Credit Document, except as herein
amended or waived, are hereby ratified and confirmed and shall remain in full
force and effect.

         SECTION 6. COUNTERPARTS. This Waiver may be executed in any number of
counterparts, each such counterpart constituting an original but all together
one and the same instrument. Delivery of an executed counterpart of a signature
page by facsimile transmission shall be effective as delivery of a manually
executed signature page.

         SECTION 7. SEVERABILITY. In case any provision in or obligation under
this Waiver shall be invalid, illegal or unenforceable in any jurisdiction, the
validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction, shall
not in any way be affected or impaired thereby.

                  [Remainder of page intentionally left blank]

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                  IN WITNESS WHEREOF, each of the undersigned has caused this
Waiver to be executed and delivered as an agreement under seal as of the date
first written above.

                                            LINK ENERGY LIMITED PARTNERSHIP

                                            By:  LINK ENERGY GENERAL PARTNER
                                                 LLC, its General Partner

                                                 By: __________________________
                                                      Name:  James R. Allred
                                                      Title: Vice President
                                                             and Treasurer

                                            LINK ENERGY CANADA LIMITED
                                            PARTNERSHIP, as a Borrower

                                            By:  LINK ENERGY GENERAL PARTNER
                                                 LLC, its General Partner

                                            By:_______________________________
                                                      Name:  James R. Allred
                                                      Title: Vice President
                                                             and Treasurer

                                            EOTT ENERGY LIQUIDS, L.P.,
                                            as a Borrower

                                            By:  LINK ENERGY GENERAL PARTNER
                                                 LLC, its General Partner

                                            By:_______________________________
                                                      Name:  James R. Allred
                                                      Title: Vice President
                                                             and Treasurer

                                            LINK ENERGY PIPELINE
                                            LIMITED PARTNERSHIP, as a Borrower

                                            By:  LINK ENERGY GENERAL PARTNER
                                                 LLC, its General Partner

                                            By:_______________________________
                                                      Name:  James R. Allred
                                                      Title: Vice President
                                                             and Treasurer

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                                            LINK ENERGY LLC,
                                            as a Guarantor

                                            By:_______________________________
                                                      Name:  James R. Allred
                                                      Title: Vice President
                                                             and Treasurer

                                            LINK ENERGY GENERAL PARTNER LLC,
                                            as a Guarantor

                                            By:_______________________________
                                                      Name:  James R. Allred
                                                      Title: Vice President
                                                             and Treasurer

                                            STANDARD CHARTERED BANK,
                                            as LC Agent, LC Issuer, an LC
                                            Participant and as Collateral Agent

                                            By:_______________________________
                                                    Name:
                                                    Title:

                                            STANDARD CHARTERED TRADE
                                            SERVICES CORPORATION

                                            By:_______________________________
                                                    Name:
                                                    Title:

                                            By:_______________________________
                                                    Name:
                                                    Title:

                                        5<PAGE>
                                                                 EXHIBIT 10.5(b)

                                                                  EXECUTION COPY

                      LIMITED WAIVER TO TERM LOAN AGREEMENT

         This LIMITED WAIVER TO TERM LOAN AGREEMENT (the "Waiver") is dated as
of November 14, 2003, by and among (1) Link Energy Limited Partnership (formerly
EOTT Energy Operating Limited Partnership) ("Link OLP"), Link Energy Canada
Limited Partnership (formerly EOTT Energy Canada Limited Partnership) ("Link
Canada"), EOTT Energy Liquids, L.P. ("EOTT Liquids") and Link Energy Pipeline
Limited Partnership (formerly EOTT Energy Pipeline Limited Partnership) ("Link
Pipeline", and together with Link OLP, Link Canada and EOTT Liquids, the
"Borrowers"), Link Energy LLC (formerly EOTT Energy LLC) ("Link LLC"), Link
Energy General Partner LLC (formerly EOTT Energy General Partner, L.L.C.) ("Link
GP", and together with Link LLC, the "Guarantors"), (2) Lehman Brothers Inc. as
Term Lender Agent ("Term Lender Agent") and (3) the Term Lenders who are
signatories hereto ("Term Lenders"). Capitalized terms used but not otherwise
defined herein shall have the meanings ascribed thereto in the Term Loan
Agreement (as defined below).

                  WHEREAS, the Borrowers, each Guarantor, the Term Lender Agent
and the Term Lenders entered into that certain Term Loan Agreement, dated as of
February 11, 2003 (as amended, supplemented, restated or otherwise modified from
time to time, the "Term Loan Agreement"); and

                  WHEREAS, the Borrowers and Guarantors have requested, and the
Term Lender Agent and the Term Lenders are willing to grant, a waiver with
respect to the Term Loan Agreement, as set forth herein subject to the terms and
conditions contained herein.

                  NOW THEREFORE, in consideration of the premises contained in
this Waiver, and fully intending to be legally bound by this Waiver, the
Borrowers, the Guarantors, the Term Lender Agent and the Term Lenders hereby
agree as follows:

         SECTION 1. LIMITED WAIVER. Effective as of the Effective Date, the Term
Lenders and the Term Lender Agent hereby waive any Event of Default pursuant to
(i) Section 11(d) of the Term Loan Agreement resulting from (A) the Borrowers
having permitted (x) Consolidated EBIDA for the Reference Period ended on
September 30, 2003 to be less than $6,551,000 and (y) Consolidated EBIDA for the
Reference Period ended on October 31, 2003 to be less than $8,680,000, in breach
of Section 10(o) of the Term Loan Agreement, (B) the Borrowers having permitted
(x) the ratio of Consolidated EBIDA to Consolidated Total Interest Expense for
the Reference Period ended on September 30, 2003 to be less than 0.62:1.00 and
(y) the ratio of Consolidated EBIDA to Consolidated Total Interest Expense for
the Reference Period ended on October 31, 2003 to be less than 0.79:1.00, in
breach of Section 10(q) of the Term Loan Agreement, and (C) the Credit Parties'
failure to comply with Section 10(a) of the Term Loan Agreement as a result of
balancing or make-up obligations owed to third parties due to downward
adjustments in estimates of crude oil inventory owned by such third parties,
(ii) Section 11(n) of the Term Loan Agreement resulting from Link OLP's breaches
of the Purchase Agreements that are concurrently herewith being waived by
Section 1 of the Standard Chartered Waiver, (iii) Section 11(h) of the Term Loan
Agreement resulting from the occurrence

<PAGE>
of "Events of Default" (under and as defined in the Letter of Credit Agreement)
waived by Section 1 of the Standard Chartered Waiver and (iv) Section 11(c) of
the Term Loan Agreement resulting from the occurrence of any "default" or "event
of default" under any Credit Document resulting from any Event of Default or
Event of Seller Default (x) under the Term Loan Agreement waived hereby or (y)
under the Letter of Credit Agreement, the Purchase Agreements waived pursuant to
Section 1 of the Standard Chartered Waiver.

         SECTION 2. REPRESENTATIONS AND WARRANTIES. In order to induce the Term
Lender Agent and the Term Lenders to enter into this Waiver, the Borrowers and
the Guarantors represent and warrant to the Term Lender Agent and the Term
Lenders (which representations and warranties shall survive the execution and
delivery of this Waiver), that on and as of the Effective Date after giving
effect to this Waiver and the Standard Chartered Waiver referred to below, (a)
all of the representations and warranties contained in the Term Loan Agreement
and in the other Credit Documents (except to the extent that such
representations and warranties relate expressly to an earlier date) are true and
correct and (b) no Default or Event of Default under the Term Loan Agreement
other than those described in Section 1 hereof has occurred and is continuing.

         SECTION 3. CONDITIONS TO EFFECTIVENESS. This Waiver shall be deemed to
be effective as of the date hereof (the "Effective Date") only upon (a) the due
execution and delivery of this Waiver by the Borrowers, the Guarantors, the Term
Lenders and the Term Lender Agent, and (b) the due execution and delivery of a
waiver to the Letter of Credit Agreement and the Purchase Agreements in the form
attached as Exhibit A hereto (the "Standard Chartered Waiver") by the Borrowers,
the Guarantors, Standard Chartered Bank and Standard Chartered Trade Services,
waiving certain "Events of Default" (under and as defined in the Letter of
Credit Agreement and the Purchase Agreements).

         SECTION 4. APPLICABLE LAW. THIS WAIVER SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO THE
PRINCIPLES OF CONFLICTS OF LAW.

         SECTION 5. EFFECT; RATIFICATION. The waivers set forth herein are
effective solely for the purposes set forth herein and shall be limited
precisely as written, and shall not be deemed to (i) except as expressly
provided in this Waiver, be a consent to any amendment, waiver or modification
of any term or condition of the Term Loan Agreement, or of any other Credit
Document or (ii) prejudice any right or rights that the Term Lenders or the Term
Lender Agent may now have or may have in the future under or in connection with
the Term Loan Agreement or any other Credit Document. This Waiver shall be
construed in connection with and as part of the Term Loan Agreement and all
terms, conditions, representations, warranties, covenants and agreements set
forth in the Term Loan Agreement and each other Credit Document, except as
herein amended or waived, are hereby ratified and confirmed and shall remain in
full force and effect.

         SECTION 6. MISCELLANEOUS. It is the understanding of the parties hereto
that Link OLP and ChevronTexaco Global Trading shall execute and deliver the
Crude Oil Joint Marketing Agreement by no later than November 30, 2003.

                                       2
<PAGE>

         SECTION 7. COUNTERPARTS. This Waiver may be executed in any number of
counterparts, each such counterpart constituting an original but all together
one and the same instrument.

         SECTION 8. SEVERABILITY. In case any provision in or obligation under
this Waiver shall be invalid, illegal or unenforceable in any jurisdiction, the
validity, legality and enforceability of the remaining provisions or
obligations, or of such provision or obligation in any other jurisdiction, shall
not in any way be affected or impaired thereby.

                  [Remainder of page intentionally left blank]

                                       3
<PAGE>

                  IN WITNESS WHEREOF, each of the undersigned has caused this
Waiver to be executed and delivered as an agreement under seal as of the date
first written above.

                                      LINK ENERGY LIMITED PARTNERSHIP

                                      By: LINK ENERGY GENERAL PARTNER LLC,
                                          its General Partner

                                          By:
                                              ----------------------------------
                                              Name:  H. Keith Kaelber
                                              Title: Executive Vice President
                                                     and Chief Financial Officer

                                      LINK ENERGY CANADA LIMITED
                                      PARTNERSHIP, as a Borrower

                                      By: LINK ENERGY GENERAL PARTNER LLC,
                                          its General Partner

                                          By:
                                              ----------------------------------
                                              Name:  H. Keith Kaelber
                                              Title: Executive Vice President
                                                     and Chief Financial Officer

                                      EOTT ENERGY LIQUIDS, L.P.,
                                      as a Borrower

                                      By: LINK ENERGY GENERAL PARTNER LLC,
                                          its General Partner

                                          By:
                                              ----------------------------------
                                              Name:  H. Keith Kaelber
                                              Title: Executive Vice President
                                                     and Chief Financial Officer

                                       4
<PAGE>

                                      LINK ENERGY PIPELINE
                                      LIMITED PARTNERSHIP, as a Borrower

                                      By: LINK ENERGY GENERAL PARTNER LLC,
                                          its General Partner

                                          By:
                                              ----------------------------------
                                              Name:  H. Keith Kaelber
                                              Title: Executive Vice President
                                                     and Chief Financial Officer

                                      LINK ENERGY LLC,
                                      as a Guarantor

                                      By:
                                          --------------------------------------
                                          Name:  H. Keith Kaelber
                                          Title: Executive Vice President and
                                                 Chief Financial Officer

                                      LINK ENERGY GENERAL PARTNER LLC,
                                      as a Guarantor

                                      By:
                                          --------------------------------------
                                          Name:  H. Keith Kaelber
                                          Title: Executive Vice President and
                                                 Chief Financial Officer

                                      LEHMAN BROTHERS INC.
                                      as Term Lender Agent

                                      By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                      LEHMAN COMMERCIAL PAPER, INC.
                                      as a Term Lender

                                      By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                       5
<PAGE>
                                      FARALLON CAPITAL PARTNERS, L.P., a
                                      California limited partnership, as
                                      a Term Lender

                                      By: FARALLON PARTNERS, L.L.C.,
                                          as General Partner

                                          By:
                                              ----------------------------------
                                              Managing Member,
                                              Farallon Partners, L.L.C.

                                      FARALLON CAPITAL INSTITUTIONAL
                                      PARTNERS, L.P., a California limited
                                      partnership, as a Term Lender

                                      By: FARALLON PARTNERS, L.L.C.,
                                          as General Partner

                                          By:
                                              ----------------------------------
                                              Managing Member,
                                              Farallon Partners, L.L.C.

                                      FARALLON CAPITAL INSTITUTIONAL
                                      PARTNERS II, L.P., a California limited
                                      partnership as a Term Lender

                                      By: FARALLON PARTNERS, L.L.C.,
                                          as General Partner

                                          By:
                                              ----------------------------------
                                              Managing Member,
                                              Farallon Partners, L.L.C.

                                      FARALLON CAPITAL INSTITUTIONAL
                                      PARTNERS III, L.P., a Delaware limited
                                      partnership, as a Term Lender

                                      By: FARALLON PARTNERS, L.L.C.,
                                          as General Partner

                                          By:
                                              ------------------------------
                                              Managing Member,
                                              Farallon Partners, L.L.C.

                                       6
<PAGE>
                                      TINICUM PARTNERS, L.P., a New York limited
                                      partnership, as a Term Lender

                                      By: FARALLON PARTNERS, L.L.C.,
                                          as General Partner

                                          By:
                                              ----------------------------------
                                              Managing Member,
                                              Farallon Partners, L.L.C.

                                      HIGH YIELD PORTFOLIO, a series of Income
                                      Trust, as a Term Lender

                                      By:
                                          ----------------------------------
                                          Name:
                                          Title:

                                      AXP VARIABLE PORTFOLIO-EXTRA INCOME
                                      FUND, a series of AXP Variable Portfolio
                                      Income Series, Inc. as a Term Lender

                                      By:
                                          --------------------------------------
                                          Name:
                                          Title:

                                      FORTRESS CREDIT OPPORTUNITIES I LP,
                                      as a Term Lender

                                      By: FORTRESS CREDIT OPPORTUNITIES
                                          I GP LLC, as General Partner

                                          By:
                                              ----------------------------------
                                              Name:
                                              Title:

                                      FORTRESS CREDIT OPPORTUNITIES II LP,
                                      as a Term Lender

                                      By: FORTRESS CREDIT OPPORTUNITIES II
                                          GP LLC, as General Partner

                                          By:
                                              ------------------------------
                                              Name:
                                              Title:

                                       7

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