Document:

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                                                                    Exhibit 4.26

                           SECURITIES PLEDGE AGREEMENT

                  SECURITIES PLEDGE AGREEMENT (this "PLEDGE AGREEMENT"), dated
as of September 30, 2001, by and among Point Tupper Marine Services, Limited
("PTMS") and Statia Terminals Canada Holdings, Inc. ("STCHI", and collectively
with PTMS, the "PLEDGORS") and HSBC Bank USA (formerly known as Marine Midland
Bank), a New York banking corporation and trust company having its registered
office at 140 Broadway, 12th Floor, New York, NY 10005-1180, as Trustee (in such
capacity and together with any successors and assigns in such capacity,
"PLEDGEE") pursuant to the Indenture (as hereinafter defined) and the Additional
Lender Intercreditor Agreement as defined in the Indenture, if any.

                              W I T N E S S E T H :
                               - - - - - - - - - -

                  WHEREAS, Statia Terminals International N.V. ("STATIA
INTERNATIONAL"), a company incorporated under the laws of the Netherlands
Antilles, Statia Terminals Canada Incorporated ("STATIA CANADA" and,
collectively with Statia International, the "ISSUERS"), a company incorporated
under the laws of Nova Scotia, the Subsidiary Guarantors parties thereto and
Pledgee, as Trustee, have entered into a certain indenture, dated as of November
27, 1996 (as amended, restated, supplemented or otherwise modified from time to
time, the "INDENTURE") pursuant to which the Issuers issued 11-3/4% first
mortgage notes due 2003 (the "NOTES"), in the aggregate principal amount of
US$135,000,000;

                  WHEREAS, Statia Terminals Canada Partnership is a newly formed
general partnership organized under the laws of Nova Scotia ("STCP") whose
general partners are Statia Canada and the Pledgors;

                  WHEREAS, STCP has executed a Guarantee, dated as of September
30, 2001, pursuant to which it has guaranteed payment of the Notes;

                  WHEREAS, Section 4.21 of the Indenture obligates the Pledgors
to execute and deliver this Pledge Agreement relating to their partnership
interests in STCP;

                  WHEREAS, it is contemplated that the Issuers may, after the
date thereof, incur certain additional indebtedness ("ADDITIONAL SECURED
INDEBTEDNESS") in accordance with the provisions of Section 4.04 and Section
4.14 of the Indenture which shall be equally and ratably secured by the Pledged
Collateral (as hereinafter defined)

                  WHEREAS, each of the Pledgors is entering into this Pledge
Agreement with Pledgee acting for the benefit of itself, the holders of the
Notes and the Holders of the Additional Secured Indebtedness (the "SECURED
Parties") for the purpose, among other things, of securing and providing for the
payment of all amounts of principal, premium, if any, interest, costs, charges,
fees, expenses, commissions, reimbursements, indemnities and all other amounts
from time to time due and payable by the Pledgors to the Secured Parties
(whether at stated maturity,

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by acceleration or otherwise, including, without limitation, the payments of
interest and other amounts which would accrue and become due but for the filing
of a petition in bankruptcy or the operation of any stay under any Bankruptcy
Law (as defined in the Indenture)) under the Indenture, the Notes, this Pledge
Agreement, and any other instrument governing the obligations of the Pledgors
with respect to the Additional Secured Indebtedness (the "ADDITIONAL
INDEBTEDNESS INSTRUMENT", together with the Indenture, the Notes, and this
Pledge Agreement collectively the "SECURED INSTRUMENTS"), as well as the
performance and payment of all other obligations and liabilities, now existing
or hereafter arising whatsoever which are now or at any time hereafter may be or
become due, owing or payable under any of the Secured Instruments, in any form
or currency, to the Secured Parties by the Pledgors, actually or contingently,
solely or jointly and/or severally with another or others, as principal or
surety, or by virtue of any current or other account in connection with any
advance, loan, credit, instrument, guarantee or indemnity made or issued to, for
or at the request of the Pledgors pursuant to any Secured Instrument and costs,
for the purpose hereof including, but not limited to, costs of collection of any
amount due to the Secured Parties (collectively, the "SECURED OBLIGATIONS");

                  WHEREAS, the Indenture is governed by the laws of the State of
New York;

                  WHEREAS, each Pledgor is of the opinion that the execution and
delivery of this Agreement and the performance of its obligations hereunder is
in its corporate interest and does not prejudice the rights of its creditors;

                  NOW, THEREFORE, in consideration of the foregoing premises
each Pledgor agrees with Pledgee as follows:

                  Section 1. DEFINITIONS. Capitalized terms used herein and not
defined shall have the meanings assigned to them in the Indenture.

                  Section 2. OBLIGATIONS OWED TO PLEDGEE AS TRUSTEE.

                  2.1 In order to ensure that a valid pledge is created pursuant
to this Pledge Agreement, each Pledgor hereby agrees and covenants with Pledgee
that it shall (i) pay to Pledgee (as and when due by such Pledgor in accordance
with the provisions of the applicable Secured Instruments) all amounts of money
due and payable to the holders of the Notes and to the holders of the Additional
Secured Indebtedness under their respective Secured Instruments, in order to
permit Pledgee to make the payments required under the applicable Secured
Instrument, as and when due, to the holders of the Notes and to the holders of
Additional Secured Indebtedness, and (ii) perform all of its other obligations
to the holders of the Notes and the holders of the Additional Secured
Indebtedness in accordance with their respective Secured Instruments. The
agreements, covenants and obligations of the Pledgors set forth in the
immediately preceding sentence shall hereinafter be referred to as the
"DEBTHOLDER OBLIGATIONS". It is the intention of the parties that the Debtholder
Obligations shall be identical and equal, but alternative to the obligations of
the Pledgors to the holders of the Notes and to the holders of Additional
Secured Indebtedness under their respective Secured Instruments.

                                       2<PAGE>
                                                                    Exhibit 4.27

                                    GUARANTEE

GUARANTEE (this "GUARANTEE"), dated as of September 30, 2001 made by Statia
Terminals Canada, Incorporated, Point Tupper Marine Services Limited and Statia
Terminals Canada Holdings, Inc. carrying on business as Statia Terminals Canada
Partnership ("STATIA PARTNERSHIP", which term includes any successor Person
under the Indenture) is delivered pursuant to Section 4.21 of that certain
Indenture (as amended to date, the "INDENTURE") dated as of November 27, 1996
among Statia Terminals International N.V., Statia Terminals Canada,
Incorporated, as Issuers, Statia Terminals Corporation N.V., Statia Terminals
Delaware, Inc., Statia Terminals, Inc., Statia Terminals N.V., Statia Delaware
Holdco II, Inc., Saba Trustcompany N.V., Bicen Development Corporation N.V.,
Statia Terminals Southwest, Inc., W.P. Company, Inc., Seven Seas Steamship
Company, Inc., Seven Seas Steamship Company (Sint Eustatius) N.V., Point Tupper
Marine Services Limited, Statia Laboratory Services N.V., Statia Tugs N.V., as
Subsidiary Guarantors and HSBC Bank USA (formerly known as Marine Midland Bank),
as Trustee. Capitalized terms used but not defined herein have the respective
meaning assigned thereto in the Indenture.

         Statia Partnership hereby unconditionally guarantees (the "GUARANTEE")
on a senior basis (i) the due and punctual payment of the principal amount of
and premium and interest on, the Securities, whether at maturity, by
acceleration or otherwise, the due and punctual payment of interest on the
overdue principal amount and interest, if any, on the Securities, to the extent
lawful, and the due and punctual performance of all other obligations of the
Issuers to the Holders or the Trustee all in accordance with the terms set forth
in Article Ten of the Indenture and (ii) in case of any extension of time of
payment or renewal of any Securities or any of such other obligations, that the
same shall be promptly paid in full when due or performed in accordance with the
terms of the extension or renewal, whether at stated maturity, by acceleration
or otherwise.

                  No officer, employee or partner, as such, of Statia
Partnership, including but not limited to Parent and its stockholders, shall
have any liability for any obligations of Statia Partnership under this
Guarantee or for any claim based on, in respect of or by the reason of such
obligations or the creation thereof.

         THIS GUARANTEE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH
THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO PRINCIPLES OF CONFLICT OF
LAWS THEREOF.

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                                       STATIA TERMINALS CANADA
                                       PARTNERSHIP by each of its partner:

                                       Statia Terminals Canada, Incorporated

                                       By: /s/ James F. Brenner
                                           -------------------------------------
                                           Name:   James F. Brenner
                                           Title:  Vice President

                                       Statia Terminals Canada Holdings, Inc.

                                       By: /s/ James F. Brenner
                                           -------------------------------------
                                           Name:   James F. Brenner
                                           Title:  Vice President

                                       Point Tupper Marine Services Limited

                                       By: /s/ James F. Brenner
                                           -------------------------------------
                                           Name:    James F. Brenner
                                           Title:   Vice President

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