Document:

<PAGE>

                                                                   Exhibit 10.2

                                                                Execution Copy
                                                                --------------

                              TRANSMONTAIGNE INC.
                     TRANSMONTAIGNE PRODUCT SERVICES INC.
                         TRANSMONTAIGNE PIPELINE INC.
                        TRANSMONTAIGNE TERMINALING INC.
                              2750 Republic Plaza
                            370 Seventeenth Street
                            Denver, Colorado 80202

                              AMENDMENT NO. 2 OF
                 FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

                                        As of March 30, 2001

FLEET NATIONAL BANK
  (formerly known as BankBoston, N.A.),
  as Agent under the Credit Agreement
  defined herein
100 Federal Street
Boston, Massachusetts 02110

Ladies and Gentlemen:

     Each of TransMontaigne Inc. (the "Company") and TransMontaigne Product
Services Inc., each a Delaware corporation, and TransMontaigne Pipeline Inc. and
TransMontaigne Terminaling Inc., each an Arkansas corporation, hereby agrees
with you as follows:

1.   Reference to Credit Agreement and Definitions. Reference is made to the
     ---------------------------------------------
Fourth Amended and Restated Credit Agreement dated as of February 11, 2000, as
amended by Amendment No. 1 thereto dated as of July 31, 2000 (as so amended, the
"Credit Agreement"), among the Company, the Guarantors named therein, Fleet
National Bank (formerly known as BankBoston, N.A.), for itself and as Agent,
Bank of America, N.A., for itself and as Documentation Agent, First Union
National Bank, for itself and as Syndication Agent, and the other Lenders from
time to time party thereto. Terms defined in the Credit Agreement and not
otherwise defined herein are used herein with the meanings so defined.

2.   Recital.  The Company has advised the Lenders that it desires certain
     -------
amendments to the Credit Agreement in order to, among other things, reduce the
Lenders' Commitments with respect to the Revolving Loan, reset certain financial
covenants, dispose of specified assets and apply the proceeds to reduce its term
debt, including the Term Loan, and permit the incurrence of additional capital
expenditures.  The Required Lenders have agreed to amend the relevant provisions
of the Credit Agreement.
<PAGE>

3.   Amendments.  Subject to the accuracy of the representations and warranties
     ----------
set forth in Section 4 hereof and satisfaction of the conditions set forth in
Section 5 hereof, the Credit Agreement is hereby amended, effective as of the
date hereof, as follows:

     3.1.  Section 1 of the Credit Agreement is amended by amending Section 1.36
thereof to read in its entirety as follows:

           1.36. "Consolidated EBITDA" means, for any period, the total of:
                   -------------------

                 (a)  Consolidated Net Income; plus
                                               ----

                 (b)  all amounts deducted in computing such Consolidated Net
           Income in respect of (i) depreciation, amortization and other non-
           cash charges (including increases of reserves), (ii) Consolidated
           Interest Expense, (iii) taxes based upon or measured by net income,
           and (iv) fixed rental obligations of the Company or any of its
           Subsidiaries as lessee under leases of real and/or personal property
           (excluding (A) payments required to be made by the Company or any of
           its Subsidiaries as lessee in respect of taxes and insurance whether
           or not denominated as rent and (B) obligations under Capitalized
           Leases); minus
                    -----

                 (c)  all amounts included in computing such Consolidated Net
           Income in respect of dividends received in any form other than cash;
           minus
           -----

                 (d)  all amounts included in Consolidated Net Income in respect
           of deferred income tax benefits; minus
                                           -----

                 (e)  all amounts representing payments from reserves to pay
           liabilities during such period that were not deducted in computing
           such Consolidated Net Income.

     3.2.  Section 1 is further amended by amending Section 1.37 thereof to read
in its entirety as follows:

           1.37. "Consolidated Fixed Charges" means, for any period, the sum of:
                 --------------------------

                 (a)  Consolidated Interest Expense, plus
                                                     ----

                 (b)  the aggregate amount of all mandatory scheduled payments,
           mandatory scheduled prepayments and sinking fund payments, all with
           respect to Financing Debt of the Company and its Subsidiaries in
           accordance with GAAP on a Consolidated basis, including payments in
           the nature of principal under Capitalized Leases, but in no event
           including contingent prepayments required by Section 4.2 or by
           paragraphs 4A(2) or 4A(3) of the Master Shelf Agreement, plus
                                                                    ----

                 (c)  any Distributions paid or payable in cash by the Company
           or any of its Subsidiaries to third parties, plus
                                                        ----

                                      -2-
<PAGE>

                 (d)  any taxes based upon or measured by net income paid or
           payable in cash by the Company or any of its Subsidiaries, plus
                                                                      ----

                 (e)  the aggregate fixed rental obligations (excluding payments
           required to be made by the lessee in respect of taxes and insurance
           whether or not denominated as rent) of the Company and its
           Subsidiaries determined in accordance with GAAP on a Consolidated
           basis as lessee under all leases of real and/or personal property
           (other than Capitalized Leases), plus
                                            ----

                 (f)  the aggregate amount of Non-Discretionary Capital
           Expenditures incurred by the Company or any of its Subsidiaries.

     3.3.  Section 1 is further amended by amending Section 1.39 thereof to read
in its entirety as follows:

           1.39. "Consolidated Net Income" means, for any period, the net
                   -----------------------
     earnings (or loss) before dividend requirements for preferred stock of the
     Company and its Subsidiaries, determined in accordance with GAAP on a
     Consolidated basis; provided, however, that Consolidated Net Income shall
                         --------  -------
     not include:

                 (a)  the earnings (or loss) of any Person accrued prior to the
           date such Person becomes a Subsidiary or is merged into or
           consolidated with the Company or any of its Subsidiaries;

                 (b)  the earnings (or loss) of any Person (other than a
           Subsidiary) in which the Company or any of its Subsidiaries has an
           ownership interest; provided, however, that (i) Consolidated Net
                               --------  -------
           Income shall include amounts in respect of the earnings of such
           Person when actually received in cash by the Company or such
           Subsidiary in the form of dividends or similar Distributions and (ii)
           Consolidated Net Income shall be reduced by the aggregate amount of
           all Investments, regardless of the form thereof, made by the Company
           or any of its Subsidiaries in such Person for the purpose of funding
           any deficit or loss of such Person;

                 (c)  all amounts included in computing such net earnings (or
           loss) in respect of the write-up of any asset or the retirement of
           any Indebtedness or equity at less than face value after April 30,
           1998;

                 (d)  extraordinary and nonrecurring gains;

                 (e)  the earnings of any Subsidiary to the extent the payment
           of such earnings in the form of a Distribution or repayment of
           Indebtedness to the Company or a Wholly Owned Subsidiary is not
           permitted, whether on account of any Charter or By-law restriction,
           any agreement, instrument, deed or lease or any law, statute,
           judgment, decree or governmental order, rule or regulation applicable
           to such Subsidiary;

                 (f)  any after-tax gains or losses attributable to returned
           surplus assets of any Plan; and

                                      -3-
<PAGE>

                 (g)  any non-cash increases or reductions in the value of
           Minimum Petroleum Products Inventory Requirements.

     3.4.  Section 1 is further amended by adding thereto a new Section 1.50A
reading in its entirety as follows:

           1.50A.  "Discretionary Capital Expenditures" means Capital
                    ----------------------------------
     Expenditures relating to the construction of new property, additions to
     existing property and/or the acquisition of assets.

     3.5.  Section 1 is further amended by adding thereto a new Section 1.113A
reading in its entirety as follows:

           1.113A. "Non-Discretionary Capital Expenditures" means Capital
                    --------------------------------------
     Expenditures incurred to maintain property, plant and equipment of the
     Company and its Subsidiaries in accordance with applicable environmental
     laws and other applicable regulations and all other Capital Expenditures
     that are not Discretionary Capital Expenditures.

     3.6.  Section 2.1.2 of the Credit Agreement is amended to read in its
entirety as follows:

           2.1.2.  Maximum Amount of Revolving Credit.  The term "Maximum Amount
                   ----------------------------------             --------------
     of Revolving Credit" means the lesser of (a) $300,000,000 or (b) the amount
     -------------------
     (in an integral multiple of $1,000,000 equal to or greater than
     $10,000,000) to which the then applicable amount set forth in clause (a)
     shall have been irrevocably reduced from time to time by notice from the
     Company to the Agent; provided, however, that on and after July 1, 2001 the
                           --------  -------
     amount in clause (a) shall be $240,000,000.

     3.7.  Section 4.2 of the Credit Agreement is amended by adding thereto a
new Section 4.2.3 reading in its entirety as follows:

           4.2.3.  Certain Net Asset Sale Proceeds.  Upon receipt by the Company
                   -------------------------------
     or any of its Subsidiaries of the cash proceeds of the sale or disposition
     of the assets permitted to be sold or otherwise disposed of by Section
     6.11.5 (and allocated to Section 6.11.5 as provided therein), net of
     transfer, sales, use and other similar taxes payable in connection with
     such sale or disposition and all reasonable expenses of the Company or any
     of its Subsidiaries payable in connection with such sale or disposition,
     the Company shall within two Banking Days pay such proceeds to the
     Prudential as a prepayment of the Indebtedness under the Master Shelf
     Agreement and to the Agent as a prepayment of the Term Loan.  Prepayments
     pursuant to the preceding sentence shall be made as follows: (i) in the
     case of the Indebtedness under the Master Shelf Agreement, in an amount
     equal to the product of such net cash proceeds, multiplied by the quotient
                                                     ----------
     obtained by dividing (a) the then outstanding principal amount of the
     Indebtedness under the Master Shelf Agreement by (b) the sum of the then
     outstanding principal amount of the Indebtedness under the Master Shelf
     Agreement and the then outstanding aggregate principal amount of the Loan,
     and (ii) in the case of the Term Loan, in an amount equal to the product of
     such net cash proceeds, multiplied by the quotient obtained by dividing (x)
                             ----------
     the then

                                      -4-
<PAGE>

     outstanding aggregate principal amount of the Loan by (y) the sum of the
     then outstanding principal amount of the Indebtedness under the Master
     Shelf Agreement and the then outstanding aggregate principal amount of the
     Loan. Together with each such payment, the Company shall deliver to the
     Agent a certificate showing the calculation of the net proceeds of such
     sale or disposition and the Indebtedness to be paid therefrom.

     3.8.  Section 6.5.1 of the Credit Agreement is amended to read in its
entirety as follows:

           6.5.1.  Fixed Charge Coverage.  For each fiscal quarter of the
                   ---------------------
     Company ending on or after December 31, 2000, the ratio (expressed as a
     percentage) of the Consolidated EBITDA of the Company and its Subsidiaries
     for the period of four consecutive fiscal quarters then ended to the
     Consolidated Fixed Charges of the Company and its Subsidiaries for such
     period shall equal or exceed the percentage specified in the table below:

           Four Quarter Period Ending        Percentage
           --------------------------        ----------

           December 31, 2000                 120%
           March 31, 2001                    140%
           June 30, 2001                     140%
           September 30, 2001                140%
           December 31, 2001                 150%
           March 31, 2002                    150%
           June 30, 2002                     160%
           September 30, 2002                160%
           December 31, 2002                 175%
              and thereafter

     For each fiscal quarter of the Company, the ratio (expressed as a
     percentage) of the Consolidated EDITDA of the Company and its Subsidiaries
     for such fiscal quarter to Consolidated Fixed Charges of the Company and
     its Subsidiaries for such fiscal quarter must equal or exceed 100%.

     3.9.  Section 6.5.2 of the Credit Agreement is amended to read in its
entirety as follows:

           6.5.2.  Consolidated Tangible Net Worth.  The Consolidated Tangible
                   -------------------------------
     Net Worth of the Company and its Subsidiaries shall exceed at all times an
     amount equal to the difference of (x) $298,174,000, minus (y) any after-tax
                                                         -----
     losses attributable to the asset sales and dispositions permitted by
     Section 6.11.5 (provided, that for purposes of this clause (y) only, the
     pre-tax losses attributable to such sales or dispositions shall in no event
     exceed $20,000,000); provided, however, that on the last day of each fiscal
                          --------  -------
     quarter of the Company commencing with the fiscal quarter ending March 31,
     2001, the then effective dollar amount in this Section 6.5.2 (including any
     prior increases of such amount as provided in clauses (a) and (b) below)
     shall be increased by the sum of (a) 50% of the net proceeds of common
     stock, preferred stock or other equity securities

                                      -5-
<PAGE>

     issued during the fiscal quarter then ended by the Company and its
     Subsidiaries, calculated on a Consolidated basis in accordance with GAAP,
     plus (b) 50% of Consolidated Net Income (if positive) for the fiscal
     ----
     quarter then ended, excluding from the calculation of Consolidated Net
     Income for the purpose of this clause (b) the effect of any after-tax loss
     attributable to the asset sales or dispositions referred to in clause (y)
     above to the extent that such after-tax loss is subtracted pursuant to
     clause (y) above.

     3.10. Section 6.5.5 of the Credit Agreement is amended to read in its
entirety as follows:

           6.5.5.  Capital Expenditures.  For each fiscal quarter of the
                   --------------------
     Company, commencing with the fiscal quarter ending December 31, 2000, the
     aggregate amount of Non-Discretionary Capital Expenditures for the period
     of four consecutive fiscal quarters then ending shall not exceed
     $8,000,000; and, for the period commencing April 1, 2001 and ending June
     30, 2002, the aggregate amount of Discretionary Capital Expenditures shall
     not exceed $20,000,000, and thereafter Discretionary Capital Expenditures
     shall not be permitted.

     3.11. Section 6.9 of the Credit Agreement is amended by adding thereto a
new Section 6.9.9 reading in its entirety as follows:

           6.9.9.  An Investment consisting of 24,000 shares of common stock of
     ST Oil Company, and any shares of capital stock distributed with respect
     to, in exchange for, or in substitution for such shares.

     3.12. Section 6.10.2 of the Credit Agreement is deleted in its entirety.

     3.13. Section 6.11 of the Credit Agreement is amended by adding thereto a
new Section 6.11.5 reading in its entirety as follows:

           6.11.5.  During the period commencing April 1, 2001 and ending
     December 31, 2001, the Company or any of its Subsidiaries may sell,
     exchange or otherwise dispose of assets with an aggregate book value as of
     December 31, 2000 of no more than $50,000,000 in addition to those assets
     otherwise permitted to be disposed of by this Section 6.11; provided, that
     any sales of assets during such period which are described both in clause
     (b) or (c) of Section 6.11.1 and in this Section 6.11.5 shall be allocated
     first to this Section 6.11.5 until the $50,000,000 limit shall have been
     exhausted and then to Section 6.11.1 (to the extent permitted by Section
     6.11.1).

4.   Representations and Warranties.  In order to induce you to enter into this
     ------------------------------
Amendment, each of the Obligors hereby represents and warrants that each of the
representations and warranties contained in Section 7 of the Credit Agreement is
true and correct on the date hereof.

5.   Conditions to Effectiveness of Amendment.  Acceptance of the foregoing
     ----------------------------------------
amendments by the Required Lenders shall be subject, without limitation, to the
conditions that (a) no Default or Event of Default under the Credit Agreement
shall have occurred and be continuing, (b) Prudential and each other holder of
Indebtedness issued under the Master Shelf Agreement shall

                                      -6-
<PAGE>

have consented to the modifications of the Credit Agreement effected hereby and
the covenants of the Company set forth in the Master Shelf Agreement shall have
been amended to incorporate such modifications, all upon terms satisfactory to
the Agent, and (c) the Company shall have paid an amount equal to one-eighth of
one percent (0.125%) of the aggregate principal amount of the outstanding
Commitments of those Lenders which shall have consented to this Amendment by
delivering a written consent to the Agent not later than 5:00 p.m., Boston time,
on April 27, 2001 (each, a "Consenting Lender") in immediately available funds
to the Agent, for the accounts of the Consenting Lenders pro rata in accordance
                                                         --------
with the ratio that the respective Percentage Interests of the Consenting
Lenders bear to the aggregate Percentage Interests of all Consenting Lenders. By
their consent to this Amendment, the Required Lenders also consent to such
amendment of the Master Shelf Agreement.

6.   Required Lenders.  The Agent represents and warrants that it has received
     ----------------
consents to the foregoing amendments executed by the Required Lenders, in
satisfaction of the requirements of Section 12.6 of the Credit Agreement.

7.   Miscellaneous.  This Amendment may be executed in any number of
     -------------
counterparts, which together shall constitute one instrument, shall be a Credit
Document, shall be governed by and construed in accordance with the laws of The
Commonwealth of Massachusetts (without giving effect to the conflict of laws
rules of any jurisdiction) and shall bind and inure to the benefit of the
parties hereto and their respective successors and assigns, including as such
successors and assigns all holders of any Credit Obligation.

                                      -7-
<PAGE>

     If the foregoing corresponds with your understanding of our agreement,
please sign this letter and the accompanying copies thereof in the appropriate
space below and return the same to the undersigned. This letter shall become a
binding agreement among each of the Lenders and the Agent when both the Company
and the Agent shall have one or more copies hereof executed by each of the
Company and the Agent on behalf of the Required Lenders.

                            Very truly yours,

                            TRANSMONTAIGNE INC.

                            By /s/ Donald H. Anderson
                               -------------------------------------
                               Donald H. Anderson, President

                            TRANSMONTAIGNE PRODUCT SERVICES INC.
                            TRANSMONTAIGNE PIPELINE INC.
                            TRANSMONTAIGNE TERMINALING INC.

                            By /s/ Donald H. Anderson
                               -------------------------------------
                               Donald H. Anderson, Chief Executive Officer
                               of each of the foregoing corporations

                                      -8-
<PAGE>

The foregoing Amendment is hereby agreed to:

FLEET NATIONAL BANK, as Agent under the Credit
  Agreement, on behalf of the Required Lenders

By: /s/ Terrence Ronan
    -----------------------------------
    Terrence Ronan, Managing Director

                                      -9-<PAGE>

                                                                   Exhibit 10.3

                            LETTER AMENDMENT NO. 1

                                      to

                  Amended and Restated Master Shelf Agreement

                                                As of July 31, 2000

The Prudential Insurance Company
  of America
U.S. Private Placement Fund
c/o Prudential Capital Group
2200 Ross Avenue, Suite 4200E
Dallas, Texas 75201

Ladies and Gentlemen:

          We refer to the Amended and Restated Master Shelf Agreement dated as
of February 14, 2000 (the "Agreement"), among the undersigned, TransMontaigne
Inc. (the "Company"), and The Prudential Insurance Company of America
("Prudential") and U.S. Private Placement Fund (collectively, the "Purchasers").
Unless otherwise defined herein, the terms defined in the Agreement shall be
used herein as therein defined.

          The Company has advised the Purchasers that it intends to acquire 100%
of the equity of Genesis Energy, L.L.C., a Delaware limited liability company,
for cash consideration not to exceed $3,000,000 and that the Company and its
Subsidiaries are required by environmental and other regulations to increase
capital expenditures in fiscal year 2001 by up to $4,000,000.  The Purchasers
have agreed to amend the relevant covenants of the Agreement to permit these
activities.

1.   Amendments to the Agreement.  The Agreement is, effective as of the date
     first above written, hereby amended as follows:

     (a)       Paragraph 6A(5).  Capital Expenditures.  Paragraph 6A(5) is
amended in its entirety to read as follows:

          "6A(5).    Capital Expenditures.  For each fiscal quarter of the
     Company, commencing with the fiscal quarter ending December 31, 2000, the
     aggregate amount of Capital Expenditures for the period of four consecutive
     fiscal quarters then ending shall not exceed $8,000,000; provided, however,
                                                              --------  -------
     that the Company and its Subsidiaries may incur additional Capital
     Expenditures (a) for contracted projects identified in
<PAGE>

     Schedule 6A(5) hereto in an aggregate amount not to exceed $15,000,000 and
     --------------
     (b) for additional projects required to comply with environmental or other
     governmental regulations incurred in fiscal year 2001 in an aggregate
     amount not to exceed $4,000,000."

     (b)       Paragraph 6B.  Distributions.  Paragraph 6B is amended by
amending clause (i) in its entirety to read as follows:

          "(i)  Subsidiaries of the Company may make Distributions to the
     Company or any Wholly Owned Subsidiary of the Company (other than Genesis
     Energy, L.L.C., a Delaware limited liability company)."

     (c)       Paragraph 6C(4).  Investments and Acquisitions.  Paragraph 6C(4)
is amended by amending clause (v) in its entirety to read as follows:

          "(v)  Investments made after June 30, 1999 in Subsidiaries listed in
     Schedule 8A hereto as supplemented from time to time other than Wholly
     -----------
     Owned Subsidiaries, provided that the aggregate outstanding amount of
                         --------
     loans, advances and other Investments in such Subsidiaries, measured in
     each case as of the date of the making of such Investment, shall not at any
     time exceed the greater of (a) an amount equal to the difference (if
     positive) of 15% of Consolidated Net Tangible Assets minus $3,000,000 or
     (b) zero."

     Paragraph 6C(4) is further amended by adding a new clause (viii) reading in
its entirety as follows:

          "(viii)  An Investment consisting of the acquisition of 100% of the
     equity of Genesis Energy, L.L.C., a Delaware limited liability company, for
     cash consideration not exceeding $3,000,000."

     (d)       Paragraph 8A(ii).  Subsidiaries.  Paragraph 8A(ii) is amended by
amending the first sentence thereof in its entirety to read as follows:

          "(ii)  Subsidiaries.  Each Subsidiary of the Company is duly
     organized, validly existing and in good standing under the laws of the
     jurisdiction in which it is organized, with all power and authority,
     corporate or otherwise, necessary to (a) enter into and perform this
     Agreement and each other Loan Document to which it is a party, (b)
     guarantee the Obligations, (c) grant to the Collateral Agent for the
     benefit of the Purchasers the security interest in the Loan Security owned
     by such Subsidiary to secure the Obligations and (d) own its properties and
     carry on the business now conducted or proposed to be conducted by it;
     provided, however, that clauses (a) through (c) of this sentence shall not
     --------  -------
     apply in the case of Genesis Energy, L.L.C., a Delaware limited liability
     company."

                                       2
<PAGE>

     (e)         Paragraph 11I.  Future Subsidiaries; Further Assurances.
Paragraph 11I is amended in its entirety to read as follows:

          "11I.  Future Subsidiaries; Further Assurances.  The Company will from
     time to time cause (a) any present Wholly Owned Subsidiary that is not a
     Guarantor within 30 days after notice from the Majority Holders or (b) any
     future Wholly Owned Subsidiary within 30 days after any such Person becomes
     a Wholly Owned Subsidiary, to join this Agreement as a Guarantor pursuant
     to a joinder agreement in form and substance satisfactory to the Majority
     Holders; provided, however, that Genesis Energy, L.L.C., a Delaware limited
              --------  -------
     liability company, shall not be required to become a Guarantor.  Each
     Guarantor will, promptly upon the request of the Majority Holders from time
     to time, execute, acknowledge and deliver, and file and record, all such
     instruments, and take all such action, as the Majority Holders deem
     necessary or advisable to carry out the intent and purposes of this
     paragraph 11."

2.   Consent of Guarantors.  Each Guarantor under the Guarantee contained in
paragraph 11 of the Agreement hereby consents to this letter amendment and
hereby confirms and agrees that such Guarantee is, and shall continue to be, in
full force and effect and is hereby confirmed and ratified in all respects
except that, upon the effectiveness of, and on and after the date of, the letter
amendment, all references in such Guarantee to the Agreement, "thereunder",
"thereof", or words of like import referring to the Agreement shall mean the
Agreement as amended by this letter amendment.

3.   Representations and Warranties.  In order to induce you to enter into this
letter amendment, each of the Obligors hereby represents and warrants that: (a)
effective June 30, 2000 and as permitted by paragraph 6C(5)(ii) of the
Agreement, (1) TransMontaigne Product Services Midwest Inc., an Arkansas
corporation, was merged with and into TransMontaigne Product Services Inc., a
Delaware corporation, and (2) TransMontaigne Transportation Services Inc., an
Arkansas corporation, was merged with and into the Company; (b) each of the
representations and warranties contained in paragraph 8 of the Agreement is true
and correct on and as of the date hereof, except to the extent of changes caused
by the transactions herein contemplated; (c) the counterpart of the amendment to
the Bank Agreement furnished by the Company to the Purchasers and reflecting
amendments to the Bank Agreement that are in substance parallel to those in this
letter amendment is true and complete; and (d) there has been no payment of any
amount and no increase in, or additional types of, the rate of interest,
breakage costs or any other fees, costs, expenses or other amounts payable with
respect to the Bank Agreement in consideration of the amendment to the Bank
Agreement described in the foregoing clause (c).

                                       3
<PAGE>

4.   Miscellaneous.

     (a)       Effect on Agreement.  On and after the effective date of this
letter amendment, each reference in the Agreement to "this Agreement",
"hereunder", "hereof", or words of like import referring to the Agreement, each
reference in the Notes to "the Agreement", "thereunder", "thereof", or words of
like import referring to the Agreement, and each reference in the Security
Documents to "the Shelf Agreement" "thereunder", "thereof", or words of like
import referring to the Agreement, shall mean the Agreement as amended by this
letter amendment. The Agreement, as amended by this letter amendment, is and
shall continue to be in full force and effect and is hereby in all respects
ratified and confirmed. The execution, delivery and effectiveness of this letter
amendment shall not, except as expressly provided herein, operate as a waiver of
any right, power or remedy under the Agreement nor constitute a waiver of any
provision of the Agreement. This letter amendment shall be a Loan Document.

     (b)       Counterparts.  This letter amendment may be executed in any
number of counterparts (including those transmitted by facsimile) and by any
combination of the parties hereto in separate counterparts, each of which
counterparts shall be an original and all of which taken together shall
constitute one and the same letter amendment. Delivery of this letter amendment
may be made by facsimile transmission of a duly executed counterpart copy
hereof.

     (c)       Effectiveness.  This letter amendment shall become effective as
of the date first above written when and if each of the conditions set forth in
this subparagraph (c) shall have been satisfied.

          (I)  Executed Counterparts. Counterparts of this letter amendment
     shall have been executed by the Company, each Guarantor and you.

          (II) No Default or Event of Default. After giving effect to the
     amendments effected hereby, no Default or Event of Default under the
     Agreement shall have occurred and be continuing.

     (d)  Expenses.  The Company confirms its agreement, pursuant to paragraph
12B of the Agreement, to pay promptly all expenses of the Purchasers related to
this letter amendment and all matters contemplated by this letter amendment,
including without limitation all fees and expenses of the Purchasers' special
counsel and any local or other counsel retained by the Collateral Agent.

     (e)  Governing Law.  THIS LETTER AMENDMENT SHALL BE CONSTRUED AND ENFORCED
IN ACCORDANCE WITH, AND THE RIGHTS OF THE PARTIES SHALL BE GOVERNED BY, THE LAW
OF THE STATE OF NEW YORK.

                                       4
<PAGE>

         If you agree to the terms and provisions hereof, please evidence your
    agreement by executing and returning a counterpart of this letter amendment
    to TransMontaigne Inc., 370 17th Street, Suite 2750, Denver, Colorado 80202,
    Attention of Harold R. Logan, Jr.

                                        Very truly yours,

                                        TRANSMONTAIGNE INC.

                                        By:  /s/ Donald H. Anderson
                                             ______________________________
                                             Donald H. Anderson, President

                                        Guarantors

                                        TRANSMONTAIGNE PIPELINE INC.
                                        TRANSMONTAIGNE TERMINALING INC.
                                        TRANSMONTAIGNE PRODUCT SERVICES INC.

                                        By:  /s/ Donald H. Anderson
                                             ______________________________
                                             Donald H. Anderson,
                                             Chief Executive Officer of each
                                             of the foregoing corporations

                                       5
<PAGE>

     Agreed as of the date first above written:

     THE PRUDENTIAL INSURANCE COMPANY
       OF AMERICA

     By:  /s/  Ric E. Abel
          __________________________________
               Vice President

     U.S. PRIVATE PLACEMENT FUND

     By:  Prudential Private Placement
          Investors, L.P., Investment Advisor

          By:  Prudential Private Placement
               Investors, Inc., its General Partner

     By:  /s/  Ric E. Abel
          __________________________________
               Vice President

                                       6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00025-of-00352.parquet"}]]