World Point Terminals 10-Q 14 Nov 13 2013 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2013	Nov. 14, 2013
Document Information [Line Items]	'	'
Entity Registrant Name	'World Point Terminals, LP	'
Entity Central Index Key	'0001574963	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Trading Symbol	'WPT	'
Entity Common Stock, Shares Outstanding	'	16,575,507
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-13	'
Document Fiscal Period Focus	'Q3	'
Document Fiscal Year Focus	'2013	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$26,912	$7,893
Accounts receivable, net of allowances of $37 and $37 at September 30, 2013 and December 31, 2012, respectively	1,806	'
Accounts receivable - affiliates	763	'
Income taxes receivable	264	'
Short-term investments	0	'
Prepaid insurance	554	'
Other current assets	508	'
Total current assets	30,807	'
Property, plant and equipment, net	138,842	'
Goodwill	377	'
Investment in joint venture	7,528	'
Other assets	923	'
Total Assets	178,477	'
Liabilities and Partners’ Equity	'	'
Accounts payable	4,322	'
Accrued liabilities	1,107	'
Accrued distributions	5,174	'
Accrued distribution of IPO proceeds to Parent	975	'
Due to affiliate companies	1,511	'
Income taxes payable	20	'
Interest rate swap	0	'
Current portion of long-term debt	0	'
Total current liabilities	13,109	'
Other noncurrent liabilities	579	'
Deferred income taxes	0	'
Total liabilities	13,688	'
Commitments and contingencies (Note 8)	'	'
Partners’ Equity	'	'
Common units (16,575,507 units issued and outstanding at September 30, 2013)	106,989	'
Subordinated units (16,485,507 units issued and outstanding at September 30, 2013)	57,800	'
General partner interest (0% interest)	0	'
Total partners’ equity	164,789	'
Predecessor Shareholder’s Equity	'	'
Common shares (50,000 shares authorized, issued and outstanding at December 31, 2012)	0	'
Additional paid in capital	0	'
Retained earnings	0	'
Total shareholder’s equity excluding noncontrolling interest	0	'
Noncontrolling interest	0	'
Total shareholder’s equity	0	'
Total Liabilities and Partners’ Equity	178,477	'
Predecessor [Member]	'	'
Assets	'	'
Cash and cash equivalents	'	7,893
Accounts receivable, net of allowances of $37 and $37 at September 30, 2013 and December 31, 2012, respectively	'	3,162
Accounts receivable - affiliates	'	506
Income taxes receivable	'	160
Short-term investments	'	3,068
Prepaid insurance	'	861
Other current assets	'	976
Total current assets	'	16,626
Property, plant and equipment, net	'	116,440
Goodwill	'	377
Investment in joint venture	'	0
Other assets	'	708
Total Assets	'	134,151
Liabilities and Partners’ Equity	'	'
Accounts payable	'	4,304
Accrued liabilities	'	467
Accrued distributions	'	0
Accrued distribution of IPO proceeds to Parent	'	0
Due to affiliate companies	'	232
Income taxes payable	'	0
Interest rate swap	'	85
Current portion of long-term debt	'	8,991
Total current liabilities	'	14,079
Other noncurrent liabilities	'	554
Deferred income taxes	'	1,088
Total liabilities	'	15,721
Commitments and contingencies (Note 8)	'	'
Partners’ Equity	'	'
Common units (16,575,507 units issued and outstanding at September 30, 2013)	'	0
Subordinated units (16,485,507 units issued and outstanding at September 30, 2013)	'	0
General partner interest (0% interest)	'	0
Total partners’ equity	'	0
Predecessor Shareholder’s Equity	'	'
Common shares (50,000 shares authorized, issued and outstanding at December 31, 2012)	'	500
Additional paid in capital	'	42,812
Retained earnings	'	64,444
Total shareholder’s equity excluding noncontrolling interest	'	107,756
Noncontrolling interest	'	10,674
Total shareholder’s equity	0	118,430
Total Liabilities and Partners’ Equity	'	$134,151

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets [Parenthetical] (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, except Share data, unless otherwise specified		Predecessor [Member]
Accounts receivable, net of allowances	$37	$37
Common Unit, Issued (in units)	16,575,507	'
Common Unit, Outstanding (in units)	16,575,507	'
Common Stock, Shares Authorized (in shares)	'	50,000
Common Stock, Shares, Issued (in shares)	'	50,000
Common Stock, Shares, Outstanding (in shares)	'	50,000
Subordinate Units Issued	16,485,507	'
Subordinate Units Outstanding	16,485,507	'

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations and Comprehensive Income (USD $)	3 Months Ended	9 Months Ended	3 Months Ended	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2012
			Predecessor [Member]	Predecessor [Member]
REVENUES	'	'	'	'
Third parties	$14,594	$39,946	$12,825	$39,903
Affiliates	6,392	20,944	5,214	16,023
Revenues, Total	20,986	60,890	18,039	55,926
OPERATING EXPENSES	'	'	'	'
Operating expenses	5,162	17,363	5,340	15,681
Operating expenses reimbursed to affiliates	976	2,626	861	2,600
Selling, general and administrative expenses	2,595	3,651	67	254
Selling, general and administrative expenses reimbursed to affiliates	590	1,618	515	1,544
Depreciation and amortization	4,537	12,895	3,773	11,319
Total operating expenses	13,860	38,153	10,556	31,398
INCOME FROM OPERATIONS	7,126	22,737	7,483	24,528
OTHER INCOME/(EXPENSE)	'	'	'	'
Interest expense	-119	-256	-114	-395
Interest and dividend income	71	179	39	87
Income from joint venture	86	86	0	0
(Loss)/gain on investments and other-net	-553	111	156	-225
Income before income taxes	6,611	22,857	7,564	23,995
(Benefit)/provision for income taxes	20	-623	181	574
NET INCOME	6,591	23,480	7,383	23,421
NET INCOME ATTRIBUTABLE TO NONCONTROLLINGINTEREST	-96	-543	-347	-1,041
NET INCOME ATTRIBUTABLE TO UNITHOLDERS OR SHAREHOLDER	6,495	22,937	7,036	22,380
Less Predecessor net income prior to August 14, 2013	1,479	17,921	'	'
Net income from August 14, 2013 to September 30, 2013attributable to unitholders	$5,016	$5,016	'	'
BASIC AND DILUTED EARNINGS PER UNIT ATTRIBUATABLE TO UNITHOLDERS (in dollars per share)	$0.15	$0.15	'	'
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING (in shares)	32,982,901	32,982,901	'	'

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
		Predecessor [Member]
Cash flows provided by operating activities	'	'
Net income	$23,480	$23,421
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	12,895	11,319
Amortization of deferred financing costs	13	0
Benefit for deferred income taxes	-1,088	0
(Gain)/loss on disposal of fixed assets	-9	471
Gain on derivative instrument	-85	-229
(Gain)/loss on marketable securities	-14	-34
Equity based compensation	12	0
Income from joint venture	-86	0
Changes in operating assets and liabilities:	'	'
Accounts receivable	1,356	-144
Prepaid insurance	307	0
Other current assets and other assets	180	-249
Accounts payable	27	1,150
Accrued liabilities	654	837
Income taxes receivable	-84	130
Due to affiliated companies	-1,278	-1,020
Other noncurrent liabilities	25	23
Net cash provided by operating activities	36,305	35,675
Cash flows from investing activities	'	'
Purchase of short-term investments	-1,009	-2,598
Proceeds from the sale of short-term investments	898	1,095
Proceeds from the sale of fixed assets	13	0
Capital expenditures	-33,494	-12,468
Net cash used in investing activities	-33,592	-13,971
Cash flows from financing activities	'	'
Payments on long term debt	-9,001	-2,679
Prepaid loan fees	-910	0
Proceeds from advances with affiliate	12,500	0
Payments on advances with affiliate	-14,082	'
Proceeds from issuance of capital, net	64,605	0
Pre-IPO dividends paid	-8,937	-1,207
Distributions to unitholders	-27,869	0
Net cash provided by/(used in) financing activities	16,306	-3,886
Net change in cash and cash equivalents	19,019	17,818
Cash and cash equivalents at beginning of period	7,893	7,219
Cash and cash equivalents at end of period	26,912	25,037
Cash paid for interest	623	349
Cash paid for income taxes	248	444
Noncash investing transactions - property and equipment additions included inaccounts payable	681	794
Noncash financing transactions - Pre-IPO dividend of investments	3,194	0
Noncash financing transactions - Noncash distributions to unitholders	$15,582	$0

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement of Partner’s Equity (USD $)

Total

Predecessor [Member]

Predecessor [Member]

Cenex joint venture [Member]

General Partner [Member]

General Partner [Member]

General Partner [Member]

Limited Partner Common Units [Member]

Limited Partner Common Units [Member]

Limited Partner Common Units [Member]

Limited Partner Subordinated Units [Member]

Limited Partner Subordinated Units [Member]

Limited Partner Subordinated Units [Member]

Noncontrolling Interest [Member]

Noncontrolling Interest [Member]

Noncontrolling Interest [Member]

In Thousands

Interest In Albany And Newark Terminal [Member]

Predecessor [Member]

Interest In Albany And Newark Terminal [Member]

Cenex joint venture [Member]

Interest In Albany And Newark Terminal [Member]

Cenex joint venture [Member]

Interest In Albany And Newark Terminal [Member]

Cenex joint venture [Member]

Interest In Albany And Newark Terminal [Member]

Cenex joint venture [Member]

BALANCE at Dec. 31, 2012

'

$118,430

'

'

$0

'

'

$0

'

'

$0

'

'

$10,674

'

'

Contribution of limited partner interest

'

'

'

'

'

'

'

1

'

'

'

'

'

'

'

'

Net income

'

17,921

'

'

0

'

'

0

'

'

0

'

'

543

'

'

Redemption of limited partner interest

'

'

'

'

'

'

'

-1

'

'

'

'

'

'

'

'

Distributions

'

-10,408

'

'

0

'

'

0

'

'

0

'

'

-1,723

'

'

BALANCE at Aug. 13, 2013

'

115,269

'

'

0

'

'

0

'

'

0

'

'

9,494

'

'

BALANCE at Aug. 11, 2013

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net income

'

0

'

'

0

'

'

2,515

'

'

2,501

'

'

0

'

'

Distributions

'

-44,426

'

'

0

'

'

-2,594

'

'

-2,580

'

'

0

'

'

Predecessor net assets and liabilities not assumed by the partnership

'

9,545

'

'

0

'

'

0

'

'

0

'

'

0

'

'

Contribution

'

-80,388

0

0

0

0

0

22,509

12,500

7,442

57,879

0

0

0

-9,494

0

Proceeds from Offering, net of offering costs

'

0

'

'

0

'

'

64,605

'

'

0

'

'

0

'

'

Equity based compensation expense

'

0

'

'

0

'

'

12

'

'

0

'

'

0

'

'

BALANCE at Sep. 30, 2013

'

$0

'

'

$0

'

'

$106,989

'

'

$57,800

'

'

$0

'

'

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Partner’s Equity (Parenthetical)	2 Months Ended
	Sep. 30, 2013
Interest In Albany And Newark Terminal [Member]	'
Contribution	49.00%
Cenex joint venture [Member]	'
Contribution	32.00%

BUSINESS_AND_BASIS_OF_PRESENTA

BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2013
Accounting Policies [Abstract]	'
Business Description and Basis of Presentation [Text Block]	'
		1)	BUSINESS AND BASIS OF PRESENTATION
	Organization
	World Point Terminals, LP (the “Partnership”) is a Delaware limited partnership that was formed on April 19, 2013 by World Point Terminals, Inc. (our “Parent”) and WPT GP, LLC (the “General Partner”). On August 14, 2013, the Partnership completed its initial public offering (the “Offering” or the “IPO”) of 8,750,000 common units representing limited partner interests in the Partnership (“Common Units”). The Partnership filed an initial registration statement and subsequent amendments with the U.S. Securities and Exchange Commission (the “SEC”) on Form S-1. The amended registration statement was declared effective on August 8, 2013. On August 9, 2013, the Partnership’s common units began trading on the New York Stock Exchange under the symbol “WPT.” On September 11, 2013, the Partnership completed the sale of 1,312,500 Common Units at $20.00 per Common Unit pursuant to the full exercise of the underwriters’ option to purchase additional Common Units granted to them in the underwriting agreement dated August 8, 2013. World Point Terminals, LP Predecessor includes the assets, liabilities and results of operations of fourteen terminals and other assets located in the East Coast, Gulf Coast and Midwest, relating to the storage of light refined products, heavy refined products and crude oil, owned by our primary operating company, Center Point Terminal Company, LLC (“Center Point”), prior to its contribution to the Partnership in connection with the Offering. Unless otherwise stated or the context otherwise indicates, all references to “World Point Terminals, LP,” “the Partnership,” “Company”, “we,” “our,” “us,” or similar expressions for time periods prior to the Offering refer to World Point Terminals, LP Predecessor, “our Predecessor” for accounting purposes. For time periods subsequent to the Offering, these terms refer to the legal entity World Point Terminals, LP and its subsidiaries.
	Basis of Presentation
	These unaudited interim condensed consolidated financial statements were prepared under the rules and regulations of the SEC and in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial statements. Accordingly, these financial statements do not include all of the disclosures required by GAAP and should be read along with the Predecessor’s 2012 audited consolidated financial statements and related notes included in the Partnership’s Rule 424(b)(4) Prospectus filed with the SEC on August 9, 2013 (the “Prospectus”). The Partnership’s financial statements as of September 30, 2013, and for the three and nine months ended September 30, 2013 and 2012, are unaudited and have been prepared on the same basis as the annual consolidated financial statements. All intercompany accounts and transactions have been eliminated in the preparation of the accompanying financial statements.
	The Predecessor’s financial statements utilize the consolidation method of accounting for the Newark joint venture. As such, 100% of the Newark terminal’s assets, liabilities and results of operations have been included in the Company’s statements. The noncontrolling 49% ownership interest has been recorded in the financial statements of the Company as a separate line item in shareholder’s equity. Effective August 14, 2013, the noncontrolling interest was eliminated when the 49% ownership interest was contributed to the Partnership by our Parent. Thereafter, the Newark terminal is wholly owned by the Partnership.
	Effective June 30, 2013, Center Point converted from a corporation to a limited liability company. As a result, the Company is no longer subject to certain state and local income taxes. Pursuant to Accounting Standards Codification (“ASC”) Topic 740 – Income Taxes, the Company reversed the net deferred tax liabilities that existed at June 30, 2013 as a reduction of the Company’s provision for income taxes.
	The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
	In management’s opinion, the accompanying unaudited condensed consolidated financial statements include all adjustments consisting of normal recurring accruals necessary for the fair presentation of the results of operations for the three and nine months ended September 30, 2013 and 2012. Information for interim periods may not be indicative of the Company’s operating results for the entire year.

INITIAL_PUBLIC_OFFERING

INITIAL PUBLIC OFFERING	9 Months Ended
	Sep. 30, 2013
Initial Public Offering [Abstract]	'
Initial Public Offering [Text Block]	'
		2)	INITIAL PUBLIC OFFERING
	Initial Public Offering
	On August 9, 2013, the Partnership’s Common Units began trading on the New York Stock Exchange under the ticker symbol “WPT.” On August 14, 2013, World Point Terminals, LP closed its initial public offering of 8,750,000 common units at a price to the public of $20.00 per unit. On September 11, 2013, the Partnership completed the sale of 1,312,500 common units at a price to the public of $20.00 per unit.
	In connection with the closing of the Offering, the Partnership entered into a Contribution, Conveyance and Assumption Agreement with our parent, CPT 2010, LLC (“CPT 2010”), the General Partner and Center Point, whereby the following transactions, among others, occurred:
		⋅	CPT 2010 contributed, as a capital contribution, its interest in its Jacksonville and Weirton terminals to the Partnership in exchange for 4,878,250 Common Units;
		⋅	Our Parent contributed, as a capital contribution, its 32% interest in its Albany terminal and its 49% interest in its Newark terminal to the Partnership in exchange for 1,312,500 Common Units and the Partnership’s assumption of $14,100,000 of our parent’s debt;
		⋅	CPT 2010 contributed, as a capital contribution, a limited liability company interest in Center Point in exchange for (a) 6,423,007 Common Units, and (b) 16,485,507 subordinated units representing limited partner interest in the Partnership (the “Subordinated Units”) representing a 69.5% limited partner interest in the Partnership;
		⋅	the General Partner maintained its 0.0% non-economic general partner interest in the Partnership;
		⋅	the Partnership issued to our parent, Apex Oil Company, Inc. (“Apex”) and PAN Group, L.L.C., 20%, 20% and 60% of the incentive distribution rights of the Partnership; and
		⋅	the public, through the underwriters, contributed $77,435,000 in cash (or $72,498,519, net of the underwriters’ discounts and commissions of $4,936,481) to the Partnership in exchange for the issuance of 3,871,750 Common Units by the Partnership.
	The net proceeds from the Offering, including the underwriters’ option to purchase additional Common Units, of approximately $97.1 million, after deducting the underwriting discount and the structuring fee, were used to: (i) pay transaction expenses related to the Offering and our new credit facility in the amount of approximately $4.4 million, (ii) repay indebtedness owed to a commercial bank under a term loan of approximately $8.1 million, (iii) repay indebtedness owed to a related party of approximately $14.1 million, (iv) repay existing payables of approximately $4.3 million, (v) redeem 1,312,500 Common Units from our parent for approximately $24.6 million, (vi) distribute to CPT 2010 approximately $29.9 million, the majority of which is to reimburse CPT 2010 for costs related to the acquisition or improvement of assets that were contributed to us and (vii) provide the Partnership working capital of approximately $12.0 million. Because the gross proceeds from the exercise of the underwriter’s option to purchase additional common units was used to redeem the 1,312,500 Common Units held by our Parent, the net effect to the Partnership was a use of cash equal to the underwriting discount and the structuring fee of $1.7 million associated with the exercise.
	Revolving Credit Facility
	On August 14, 2013, in connection with the closing of the Offering, Center Point entered into a $200 million senior secured revolving credit facility with The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent, and a syndicate of lenders (the “Credit Facility”), which has an initial maturity date of August 14, 2018. See Note 9 for additional details.
	Terminaling Services Agreements
	In connection with the Offering, Center Point entered into a terminaling services agreement with Apex (the “Apex Terminaling Services Agreement”), pursuant to which Apex agreed to store light refined products at seven of the Partnership’s terminals. Center Point also entered into a terminaling services agreement with Enjet, LLC (“Enjet”) (the “Enjet Terminaling Services Agreement” and together with the Apex Terminaling Service Agreements, the “Terminaling Services Agreements”), pursuant to which Enjet agreed to store residual oils at two of the Partnership’s terminals.
	The initial term of the Terminaling Services Agreements with respect to each terminal is between one to five years and will automatically extend for successive twelve month periods, unless either party terminates upon no less than 120 days’ prior written notice.
	Omnibus Agreement
	In connection with the Offering, we entered into an omnibus agreement (the “Omnibus Agreement”) with the General Partner, our parent, CPT 2010, Apex and the Center Point. This agreement addresses the following matters:
		⋅	a right of first offer to acquire Apex’s existing terminaling assets and any terminaling assets that Apex may acquire or construct in the future if it decides to sell them;
		⋅	a grant to us and our subsidiaries and the General Partner by our parent of a nontransferable, nonexclusive, royalty-free right and license to use the name “World Point Terminals” and related marks in connection with our business; and
		⋅	an indemnity by our parent and CPT 2010 for certain environmental and other liabilities, and our obligation to indemnify our parent and CPT 2010 for events and conditions associated with the operation of our assets that occur after the Offering and for environmental liabilities related to our assets to the extent our parent and CPT 2010 is not required to indemnify it.

EARNINGS_PER_UNIT_AND_CASH_DIS

EARNINGS PER UNIT AND CASH DISTRIBUTIONS	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Earnings Per Share [Text Block]	'
		3)	EARNINGS PER UNIT AND CASH DISTRIBUTIONS
	Earnings per unit applicable to limited partners (including subordinated unitholders) is computed by dividing limited partners’ interest in net income, after deducting amounts due pursuant to Incentive Distribution Rights (“IDRs”), by the weighted-average number of outstanding common and subordinated units. Our net income is allocated to the limited partners in accordance with their respective ownership interests, after giving effect to priority income allocations for incentive distributions, if any, to the holders of IDRs, pursuant to our partnership agreement. Earnings per unit is only calculated for the Partnership subsequent to the IPO as no units were outstanding prior to August 14, 2013. Earnings in excess of distributions are allocated to the limited partners based on their respective ownership interests. Payments made to our unitholders are determined in relation to actual distributions declared and are not based on the net income allocations used in the calculation of earnings per unit. For the period from August 14, 2013 to  September 30, 2013, the weighted-average number of common and subordinated units outstanding was 16,497,394 units and 16,485,507 units, respectively.
	In addition to the common and subordinated units, we have also identified the IDRs as participating securities and use the two-class method when calculating the earnings per unit applicable to limited partners, which is based on the weighted-average number of common units outstanding during the period. Basic and diluted earnings per unit applicable to limited partners are the same because we do not have any potentially dilutive units outstanding.
	The calculation of earnings per unit is as follows:
			Three Months			Nine Months
			Ended			Ended
			September 30,			September 30,
			2013			2013
	Limited partners’ interest in net income subsequent to initial public offering		$	5,016		$	5,016
	Net income per limited partner unit:
	Common – Public and World Point			2,515			2,515
	Subordinated – World Point			2,501			2,501
	Limited partner units outstanding:
	Common units – Public			10,152,500			10,152,500
	Common units – World Point			6,423,007			6,423,007
	Subordinated units – World Point			16,485,507			16,485,507
	Cash Distributions
	Our partnership agreement generally provides that we will make our distributions, if any, each quarter in the following manner:
		·	first, to all unitholders, pro rata, until each unitholder receives a total of $0.345 per unit for that quarter (the “first target distribution”);
		·	second, 85.0% to all unitholders, pro rata, and 15.0% to the holders of the incentive distribution rights, pro rata, until each unitholder receives a total of $0.375 per unit for that quarter (the “second target distribution”);
		·	third, 75.0% to all unitholders, pro rata, and 25.0% to the holders of the incentive distribution rights, pro rata, until each unitholder receives a total of $0.45 per unit for that quarter (the “third target distribution”); and
		·	thereafter, 50.0% to all unitholders, pro rata, and 50.0% to the holders of the incentive distributions rights, pro rata.
	In each case, the amount of the target distribution set forth above is exclusive of any distributions to common unitholders to eliminate any cumulative arrearages in payment of the minimum quarterly distribution. The percentage interests set forth above assume that we do not issue additional classes of equity securities.
	If cash distributions to our unitholders exceed $0.345 per unit in any quarter, our Unitholders and the holders of IDRs will receive distributions according to the following percentage allocations:
			Total Quarterly		Marginal Percentage
			Distribution		Interest in Distributions
								Holders
			Target Amount		Unitholders			of IDRs
	Minimum Quarterly Distribution		$0.30		100	%		-
	First Target Distribution		above $0.30 up to $0.345		100	%		-
	Second Target Distribution		above $0.345 up to $0.375		85	%		15	%
	Third Target Distribution		above $0.375 up to $0.450		75	%		25	%
	Thereafter		Above $0.450		50	%		50	%
	In accordance with our partnership agreement, on September 24, 2013, we declared a quarterly cash distribution totaling $5.2 million, or $0.1565 per unit. In calculating this distribution, the minimum quarterly distribution was adjusted to reflect the period beginning on August 14, 2013, the closing date of the IPO, through September 30, 2013. This distribution will be paid on November 13, 2013 to unitholders of record on November 4, 2013. There were no distributions declared or paid prior to this distribution.
	The allocation of total quarterly cash distributions to partners is as follows:
			Nine Months Ended
			September 30, 2013
			(Dollars in thousands)
	General partner's interest (0%)		$	—
	Holders of incentive distribution rights			—
	Limited partners' distribution:
	Common – Public and World Point			2,594
	Subordinated – World Point			2,580
	Total cash distributions		$	5,174
	Cash distributions per unit applicable to limited partners		$	0.1565

FINANCIAL_INSTRUMENTS

FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2013
Investments, All Other Investments [Abstract]	'
Financial Instruments Disclosure [Text Block]	'
		4)	FINANCIAL INSTRUMENTS
	The Company’s financial assets and liabilities consist primarily of cash and cash equivalents, accounts receivable, short-term investments, accounts payable and accrued liabilities, long-term debt (including current portion) and a derivative instrument.
	The Company has exposure to counterparty credit risk, liquidity risk, interest rate risk, and other price risk with its financial assets and liabilities. The Company’s risk management program seeks to minimize potential adverse effects on the Company’s financial performance and ultimately shareholder value. The Company manages its risks and risk exposures through a combination of sound business practices, derivative instruments and a system of internal controls.
	Credit Risk — Credit risk arises from cash held with banks, credit exposure to customers (including outstanding accounts receivable), and counterparty risk associated with certain of the Company’s short-term investments and its derivative instrument.
	Cash consists of bank balances. Credit risk associated with cash is minimized by substantially ensuring that these financial assets are held at high quality financial institutions.
	Accounts receivable consists primarily of trade accounts receivable from storage related revenues. The Company’s credit risk arises from the possibility that a counterparty which owes the Company money is unable or unwilling to meet its obligations in accordance with the terms and conditions of the contracts with the Company, which would result in a financial loss for the Company. Credit risk associated with accounts receivable is minimized by the business model and collection policies of the Company. Most of the Company’s customers prepay their obligations at the beginning of each month and/or the Company has custody of customer assets at its facilities. The assets held by the Company belonging to its customers generally carry a market value well in excess of the accounts receivable balances due. The Company conducts business with a relatively few number of customers, including one affiliated customer that comprised approximately 35% and 28% of the Company’s first nine months 2013 and 2012 revenues, respectively, and another that comprised approximately 11% and 15% of the Company’s first nine months 2013 and 2012 revenues, respectively, under both short term and long term contracts. A large portion of the Company’s annual expenses are fixed and, accordingly, the Company’s ability to meet its ongoing obligations is dependent upon its ability to retain existing customers and/or attract new ones.
	The carrying amounts of accounts receivable are reduced through the use of an allowance for doubtful accounts and the amount of the loss is recognized in the consolidated statements of operations. The allowance for doubtful accounts is determined by specific customer balance analysis. When a receivable balance is considered uncollectable, it is written off against the allowance for accounts receivable. Subsequent recoveries of amounts previously written off reduce expenses in the consolidated statements of operations. Historically trade credit losses have been minimal.
	The Company’s derivative instrument was an interest rate swap that called for the exchange of interest payments/receipts on a monthly basis. The agreement was entered into with the financial institution which made the loan whose interest rate risk was being mitigated by the interest rate swap agreement. The Company’s derivative instrument matured April 2, 2013.
	The Predecessor made equity investments in certain trust preferred stocks and master limited partnerships. The Predecessor sought to mitigate risk of a financial loss by investing in what it considered to be high-quality instruments with quality counterparties.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
		5)	FAIR VALUE MEASUREMENTS
	The Company adopted the amendments to ASC Topic 820, Fair Value Measurements and Disclosures, for the consolidated financial statements. The amendments require the use of a fair value hierarchy in order to classify the fair value disclosures related to the Company’s financial assets and financial liabilities that are recognized in the balance sheets at fair value.
	The fair value hierarchy has the following levels:
	Level 1 — Values based on unadjusted quoted prices in active markets that are accessible at the measurement date for identical assets or liabilities.
	Level 2 — Values based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active, or model based valuation techniques for which all significant assumptions are observable in the market. The Company does not currently have any instruments with fair value determined using Level 2 inputs.
	Level 3 — Values are generated from model based techniques that use significant assumptions not observable in the market. Valuation techniques could include use of option pricing models, discounted cash flow models and similar techniques. The Company does not currently have any instruments with fair value determined using Level 3 inputs.
	The level in the fair value hierarchy within which the fair value measurement is categorized in its entirety is determined on the basis of the lowest level input that is significant to the fair value measurement in its entirety.
	The financial assets and financial liabilities measured at fair value in the consolidated balance sheets as of September 30, 2013 and December 31, 2012:
	September 30, 2013		Level 1		Level 2		Level 3		Total
	Cash equivalents		$	26,912	$	-	$	-	$	26,912
	31-Dec-12		Level 1		Level 2		Level 3		Total
	Cash equivalents		$	7,893	$	-	$	-	$	7,893
	Trust preferred stocks			254		-		-		254
	Master limited partnerships			2,814		-		-		2,814
	Interest rate swap			-		-85		-		-85
			$	10,961	$	-85	$	-	$	10,876
	For assets and liabilities that are measured using quoted prices in active markets, the total fair value is the published market price per unit multiplied by the number of units held without consideration of transaction costs. The following methods and assumptions were used to estimate the fair value of each class of financial instrument:
	Cash Equivalents — The carrying value of cash equivalents represents fair value as it is based on active market quotes available for these assets and is classified as Level 1.
	Short-Term Investments— The Predecessor’s short-term investments consisted of investments in listed master limited partnerships and trust preferred securities. The securities are valued using quoted prices from the various public markets. The securities trade on public exchanges, both domestic and foreign, and can be accurately described as active markets. The observable valuation inputs are unadjusted quoted prices that represent active market trades and are classified as Level 1.
	As discussed above, the Company utilized information from third parties, such as pricing services and brokers, to assist in determining fair values for certain assets and liabilities, however, management is ultimately responsible for all fair values presented in the Company’s consolidated financial statements.

ALLOWANCE_FOR_DOUBTFUL_RECEIVA

ALLOWANCE FOR DOUBTFUL RECEIVABLES	9 Months Ended
	Sep. 30, 2013
Receivables [Abstract]	'
Allowance For Doubtful Accounts Receivable Disclosure [Text Block]	'
		6)	ALLOWANCE FOR DOUBTFUL RECEIVABLES
	The following table displays a roll forward of the allowance for doubtful trade receivables for the nine months ended September 30, 2013 and the year ended December 31, 2012:
			September 30,		December 31,
			2013		2012
	Allowance for doubtful receivable at January 1		$	37	$	87
	Subtractions recorded as income			-		-50
			$	37	$	37

PROPERTY_PLANT_AND_EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment Disclosure [Text Block]	'
		7)	PROPERTY, PLANT AND EQUIPMENT
	Property, plant, and equipment consisted of the following as of September 30, 2013 and December 31, 2012:
					Accumulated		Net Book
	30-Sep-13		Cost		Depreciation		Value
	Land		$	23,471	$	-	$	23,471
	Tanks and appenditures			195,170		94,664		100,506
	Docks and jetties			6,876		2,581		4,295
	Machinery and equipment			5,982		3,486		2,496
	Buildings			1,706		654		1,052
	Other			5,321		2,405		2,916
	Assets under construction			4,106		-		4,106
			$	242,632	$	103,790	$	138,842
					Accumulated		Net Book
	December 31, 2012		Cost		Depreciation		Value
	Land		$	25,411	$	-	$	25,411
	Tanks and appenditures			153,407		83,377		70,030
	Docks and jetties			6,768		2,090		4,678
	Machinery and equipment			5,454		2,844		2,610
	Buildings			1,702		582		1,120
	Other			5,221		2,049		3,172
	Assets under construction			9,419		-		9,419
			$	207,382	$	90,942	$	116,440

COMMITMENTS

COMMITMENTS	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments Disclosure [Text Block]	'
		8)	COMMITMENTS
	The Company leases land and other use rights at some of its facilities. Lease expense totaled $702 and $470 for the first nine months of 2013 and 2012, respectively. These leases expire from September 5, 2016 through February 1, 2061. In accordance with the terms of its lease with the Galveston port authority, in lieu of periodic lease payments, the Company is responsible for the maintenance of the dock.
	Minimum rental commitments for all storage facilities of the Company under existing non-cancelable operating leases as of September 30, 2013 for the remainder of 2013 and for the calendar years thereafter are as follows:
	2013		$	71
	2014			268
	2015			268
	2016			260
	2017			253
	Thereafter			663
			$	1,783

DEBT

DEBT	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
		9)	DEBT
	On April 8, 2008, Center Point amended and restated its May 3, 2006 loan agreement with the commercial bank and borrowed an additional $25,000 pursuant to a five-year term note which was subsequently extended to October 8, 2013 but was repaid in full on August 14, 2013. This note bore interest at a floating rate equal to the London Interbank Offered Rate plus seventy-seven hundredths of one percent (0.77%) and was amortized over a seven-year period. In order to manage its interest rate risk associated with this borrowing, Center Point entered into a pay-fixed receive floating interest rate swap agreement. Center Point believes that the effect of this swap agreement was to effectively lock the interest rate on this borrowing at 4.17% through the expiration of the swap on April 2, 2013. Fixed monthly principal payments of $298 plus accrued interest were due under this borrowing until March 1, 2013 and interest only payments until the loan was paid in full on August 14, 2013. As of December 31, 2012, the outstanding balance of this debt was $8,991. These borrowings were secured by Center Point’s storage contracts and current assets. The terms of the term loan agreement contain certain covenants and conditions including leverage ratio, fixed charge coverage ratio and maximum capital expenditures. Center Point was in compliance with such covenants in 2013 and 2012.
	On August 14, 2013, in connection with the closing of the Offering, Center Point entered into a $200 million senior secured revolving credit facility with The Bank of Tokyo-Mitsubishi UFJ, Ltd., as administrative agent, and a syndicate of lenders (the “Credit Facility”), which has an initial maturity date of August 14, 2018. The Credit Facility is available, subject to certain conditions, for working capital, capital expenditures, permitted acquisitions and general partnership purposes, including distributions and unit repurchases. In addition, the Credit Facility includes a sublimit of up to $20 million for swing line loans and permits the Partnership to enter into a pari passu credit facility for the provision of letters of credit in an aggregate principal amount not to exceed $20 million at any time. The Credit Facility also includes an accordion feature permitting increases in the commitments under the Credit Facility by an aggregate amount up to $100 million. Substantially all of the Partnership’s assets are pledged as collateral under the Credit Facility, and the Partnership and its other subsidiaries entered into guarantees of payment on behalf of Center Point for amounts outstanding under the Credit Facility. Center Point incurred costs of $900 associated with the Credit Facility which will be amortized over the five year term of the facility. Borrowings under the Credit Facility bear interest at LIBOR plus an applicable margin. In addition to interest associated with the borrowings, Center Point is obligated to pay a commitment fee calculated on the balance of the unused portion of the Credit Facility. As of September 30, 2013, Center Point incurred commitment fees of $78 which have been recorded as interest expense.
	The fair value of Center Point’s borrowings, which is determined using Level 2 inputs, approximated their carrying amounts as of December 31, 2012.
	Interest expense on the term note and the Credit Facility for the periods indicated was:
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2013			2012		2013		2012
	$	106		$	114	$	255	$	395

ASSET_RETIREMENT_OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	9 Months Ended
	Sep. 30, 2013
Asset Retirement Obligation Disclosure [Abstract]	'
Asset Retirement Obligation Disclosure [Text Block]	'
		10)	ASSET RETIREMENT OBLIGATIONS
	The Company has recorded a liability for the estimated costs of removing its terminal assets from those terminals located on leased land where the landowners have the right to require the Company to remove the assets. The recorded liability was $579 and $554 at September 30, 2013 and December 31, 2012, respectively, which represents the present value of the estimated costs of removal. The maximum undiscounted liability is estimated to be $10,135. This amount was discounted utilizing the Company’s estimated, credit adjusted risk-free rate and further adjusted by probability factors based on management’s assessment of the likelihood of being required to demolish certain assets. Should the landowners exercise their rights to require the Company to remove the terminal assets, the cash outflows required to settle these obligations will occur on or around lease expiration dates ranging from July 13, 2034 to February 1, 2061.

SEGMENT_REPORTING

SEGMENT REPORTING	9 Months Ended
	Sep. 30, 2013
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
		11)	SEGMENT REPORTING
	The Company derives revenues from operating its fourteen liquid bulk storage and terminal facilities. The fourteen operating segments have been aggregated into one reportable segment because the facilities have similar long-term economic characteristics, products and types of customers.

EMPLOYEE_BENEFIT_PLANS

EMPLOYEE BENEFIT PLANS	9 Months Ended
	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]	'
Compensation and Employee Benefit Plans [Text Block]	'
		12)	EMPLOYEE BENEFIT PLANS
	The Company offers a defined contribution savings plan. Under this plan, the Company matches the amount of employee contributions to specified limits. The Company’s employee benefit plan related expenses for the periods indicated were:
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2013			2012		2013		2012
	$	67		$	61	$	168	$	142

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
		13)	INCOME TAXES
	Our Parent has elected to be treated as a Subchapter S Corporation under the Internal Revenue Code and to treat certain subsidiaries as qualified Subchapter S Subsidiaries. Under this election, the Company’s taxable income flows through to the shareholders of our Parent. The shareholders generally will be responsible for the appropriate taxes due on the taxable income. Despite the Subchapter S election for Federal income tax purposes, the Company continued to be treated as a C Corporation and pay corporate taxes in some state and local jurisdictions through June 29, 2013. Effective June 30, 2013, as a result of the Company converting from a corporation to a limited liability company, and pursuant to ASC Topic 740, the Company reversed the net deferred tax liabilities that existed at June 29, 2013, as a decrease of the Company’s provision for income taxes.
	The provision (benefit) for income taxes from operations consists of the following:
			Three Months Ended
			September 30,
			2013						2012
			Current		Deferred		Total		Current		Deferred		Total
	State		$	20	$	-	$	20	$	181	$	-	$	181
			Nine Months Ended
			September 30,
			2013						2012
			Current		Deferred		Total		Current		Deferred		Total
	State		$	465	$	-1,088	$	-623	$	574	$	-	$	574
	Through June 29, 2013, deferred state income taxes were recognized for future tax consequences of temporary differences between the consolidated financial statements carrying amounts and tax bases of assets and liabilities. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities are primarily related to depreciation of fixed assets and was $1,099 as December 31, 2012.
	The Company and its subsidiaries file income tax returns in the U.S. and various states. With few exceptions, the Company is no longer subject to U.S. federal, state, and local income tax examinations by tax authorities for years before 2009. As of September 30, 2013 and December 31, 2012, the Company did not have any unrecognized tax benefits recorded in the consolidated balance sheets.

RELATED_PARTY_TRANSACTIONS_AND

RELATED PARTY TRANSACTIONS AND BALANCES	9 Months Ended
	Sep. 30, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
		14)	RELATED PARTY TRANSACTIONS AND BALANCES
	The Company enters into transactions with companies in which our parent, and its affiliates, are significant owners (“affiliate” or “affiliated company”). The amounts shown below have been recorded at their exchange value, which is the amount of consideration agreed to by the related parties.
	Affiliated companies provide management and marketing services to the Company’s facilities and are reimbursed for direct and indirect costs associated with those services, which includes compensation of its employees. Total charges for related party services were as follows:
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Operating costs		$	976	$	861	$	2,626	$	2,600
	Reimbursement for management and marketing services			590		515		1,618		1,544
			$	1,566	$	1,376	$	4,244	$	4,144
	The Company earned storage revenue from affiliate companies for the periods indicated of:
			Three Months Ended				Nine Months Ended
			September 30,				September 30,
			2013		2012		2013		2012
	Affiliate revenues		$	6,392	$	5,214	$	20,944	$	16,023
	Accounts receivable, other current assets and other assets include $763 and $1,895 related to affiliates at September 30, 2013 and December 31, 2012, respectively, and liabilities related to operating costs and management and marketing services of $1,511 and $232 are included in due to affiliate companies at September 30, 2013 and December 31, 2012, respectively.

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Contingencies Disclosure [Text Block]	'
	15)  CONTINGENCIES
	The Company is subject to extensive environmental laws and regulations in the jurisdictions in which it operates. Additionally, the Company has contingent liabilities with respect to other lawsuits and other potential matters arising in the ordinary course of business. In management’s opinion, the ultimate outcome of these contingencies will not have a material impact on the results of operations, cash flows or financial condition of the Company. As a result, the Company has not accrued for any loss contingencies in 2013 and 2012.

EQUITYBASED_COMPENSATION

EQUITY-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2013
Equity [Abstract]	'
Shareholders Equity and Share-based Payments [Text Block]	'
		16)	EQUITY-BASED COMPENSATION
	Effective September 20, 2013, the Partnership’s Long-Term Incentive Plan (the “LTIP”) for providing long-term incentives to our employees, directors and consultants who provide services to us was adopted.  The plan is administered by the board of directors of our General Partner (the “Board of Directors”).  The Board of Directors has authority to: (i) designate participants; (ii) determine types of awards; (iii) determine number of units covered by the award; (iv) determine terms and conditions of awards; (v) determine how and when awards might be settled; and (vi) interpret and administer the plan and take other such actions as might be necessary for the proper administration of the plan.  The LTIP provides for the issuance of an aggregate of up to 3,000,000 common units to be granted either as options, restricted units, phantom units, distribution equivalent rights, unit appreciation rights, unit awards, profits interest units or other unit-based award granted under the plan.  As of September 30, 2013, we have granted awards totaling 90,000 restricted units that vest after three years.
	The following table summarizes awards granted during the post-IPO period of August 14, 2013 through September 30, 2013.  The outstanding balance at September 30, 2013 represents total awards since IPO.  There were no forfeitures during the post-IPO period.
					Fair Value at
			Restricted Units		Award Date
	Board of directors			90,000	$	20.21
	For the three months ended September 30, 2013, we recorded non-cash compensation expense relating to equity-based compensation of approximately $12.  As described above, the LTIP did not exist in periods prior to September 20, 2013.  As of September 30, 2013, the Partnership had unrecognized compensation expense of $1,807.

OFFERING_TRANSACTIONRELATED_EX

OFFERING TRANSACTION-RELATED EXPENSES	9 Months Ended
	Sep. 30, 2013
Offring Transaction Related Expenses [Abstract]	'
Offering Transaction Related Expenses [Text Block]	'
		17)	OFFERING TRANSACTION-RELATED EXPENSES
	We incurred generally non-recurring expenses related directly to the IPO of $3,560.  These costs consist primarily of legal, accounting, printing and other professional fees associated with the IPO.  We reported these amounts as a selling, general and administrative expense for the three and nine months ended September 30, 2013.  There were no similar expenses in the corresponding periods in 2012.

EARNINGS_PER_UNIT_AND_CASH_DIS1

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Tables)	9 Months Ended
	Sep. 30, 2013
Earnings Per Share [Abstract]	'
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The calculation of earnings per unit is as follows:
		Three Months			Nine Months
		Ended			Ended
		September 30,			September 30,
		2013			2013
	Limited partners’ interest in net income subsequent to initial public offering	$	5,016		$	5,016
	Net income per limited partner unit:
	Common – Public and World Point		2,515			2,515
	Subordinated – World Point		2,501			2,501
	Limited partner units outstanding:
	Common units – Public		10,152,500			10,152,500
	Common units – World Point		6,423,007			6,423,007
	Subordinated units – World Point		16,485,507			16,485,507
Schedule of Incentive Distributions Made to Managing Members or General Partners by Distribution [Table Text Block]	'
	If cash distributions to our unitholders exceed $0.345 per unit in any quarter, our Unitholders and the holders of IDRs will receive distributions according to the following percentage allocations:
		Total Quarterly		Marginal Percentage
		Distribution		Interest in Distributions
							Holders
		Target Amount		Unitholders			of IDRs
	Minimum Quarterly Distribution	$0.30		100	%		-
	First Target Distribution	above $0.30 up to $0.345		100	%		-
	Second Target Distribution	above $0.345 up to $0.375		85	%		15	%
	Third Target Distribution	above $0.375 up to $0.450		75	%		25	%
	Thereafter	Above $0.450		50	%		50	%
Distributions Made to Limited Partner, by Distribution [Table Text Block]	'
	The allocation of total quarterly cash distributions to partners is as follows:
		Nine Months Ended
		September 30, 2013
		(Dollars in thousands)
	General partner's interest (0%)	$	—
	Holders of incentive distribution rights		—
	Limited partners' distribution:
	Common – Public and World Point		2,594
	Subordinated – World Point		2,580
	Total cash distributions	$	5,174
	Cash distributions per unit applicable to limited partners	$	0.1565

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	'
	The financial assets and financial liabilities measured at fair value in the consolidated balance sheets as of September 30, 2013 and December 31, 2012:
	September 30, 2013	Level 1		Level 2		Level 3		Total
	Cash equivalents	$	26,912	$	-	$	-	$	26,912
	31-Dec-12	Level 1		Level 2		Level 3		Total
	Cash equivalents	$	7,893	$	-	$	-	$	7,893
	Trust preferred stocks		254		-		-		254
	Master limited partnerships		2,814		-		-		2,814
	Interest rate swap		-		-85		-		-85
		$	10,961	$	-85	$	-	$	10,876

ALLOWANCE_FOR_DOUBTFUL_RECEIVA1

ALLOWANCE FOR DOUBTFUL RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2013
Receivables [Abstract]	'
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	'
	The following table displays a roll forward of the allowance for doubtful trade receivables for the nine months ended September 30, 2013 and the year ended December 31, 2012:
		September 30,		December 31,
		2013		2012
	Allowance for doubtful receivable at January 1	$	37	$	87
	Subtractions recorded as income		-		-50
		$	37	$	37

PROPERTY_PLANT_AND_EQUIPMENT_T

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2013
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Property, plant, and equipment consisted of the following as of September 30, 2013 and December 31, 2012:
				Accumulated		Net Book
	30-Sep-13	Cost		Depreciation		Value
	Land	$	23,471	$	-	$	23,471
	Tanks and appenditures		195,170		94,664		100,506
	Docks and jetties		6,876		2,581		4,295
	Machinery and equipment		5,982		3,486		2,496
	Buildings		1,706		654		1,052
	Other		5,321		2,405		2,916
	Assets under construction		4,106		-		4,106
		$	242,632	$	103,790	$	138,842
				Accumulated		Net Book
	December 31, 2012	Cost		Depreciation		Value
	Land	$	25,411	$	-	$	25,411
	Tanks and appenditures		153,407		83,377		70,030
	Docks and jetties		6,768		2,090		4,678
	Machinery and equipment		5,454		2,844		2,610
	Buildings		1,702		582		1,120
	Other		5,221		2,049		3,172
	Assets under construction		9,419		-		9,419
		$	207,382	$	90,942	$	116,440

COMMITMENTS_Tables

COMMITMENTS (Tables)	9 Months Ended
	Sep. 30, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'
	Minimum rental commitments for all storage facilities of the Company under existing non-cancelable operating leases as of September 30, 2013 for the remainder of 2013 and for the calendar years thereafter are as follows:
	2013	$	71
	2014		268
	2015		268
	2016		260
	2017		253
	Thereafter		663
		$	1,783

DEBT_Tables

DEBT (Tables)	9 Months Ended
	Sep. 30, 2013
Debt Disclosure [Abstract]	'
Schedule Of Interest Expense [Table Text Block]	'
	Interest expense on the term note and the Credit Facility for the periods indicated was:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
	$	106	$	114	$	255	$	395

EMPLOYEE_BENEFIT_PLANS_Tables

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 30, 2013
Compensation and Retirement Disclosure [Abstract]	'
Schedule Of Defined Contribution Plan Cost Recognized [Table Text Block]	'
	The Company’s employee benefit plan related expenses for the periods indicated were:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2013		2012		2013		2012
	$	67	$	61	$	168	$	142

INCOME_TAXES_Tables

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2013
Income Tax Disclosure [Abstract]	'
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	'
	The provision (benefit) for income taxes from operations consists of the following:
		Three Months Ended
		September 30,
		2013						2012
		Current		Deferred		Total		Current		Deferred		Total
	State	$	20	$	-	$	20	$	181	$	-	$	181
		Nine Months Ended
		September 30,
		2013						2012
		Current		Deferred		Total		Current		Deferred		Total
	State	$	465	$	-1,088	$	-623	$	574	$	-	$	574

RELATED_PARTY_TRANSACTIONS_AND1

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	9 Months Ended
	Sep. 30, 2013
Charges For Related Party Services [Member]	'
Related Party Transaction [Line Items]	'
Schedule of Related Party Transactions [Table Text Block]	'
	Total charges for related party services were as follows:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Operating costs	$	976	$	861	$	2,626	$	2,600
	Reimbursement for management and marketing services		590		515		1,618		1,544
		$	1,566	$	1,376	$	4,244	$	4,144
Revenue From Affiliate Companies [Member]	'
Related Party Transaction [Line Items]	'
Schedule of Related Party Transactions [Table Text Block]	'
	The Company earned storage revenue from affiliate companies for the periods indicated of:
		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2013		2012		2013		2012
	Affiliate revenues	$	6,392	$	5,214	$	20,944	$	16,023

EQUITYBASED_COMPENSATION_Table

EQUITY-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2013
Equity [Abstract]	'
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	'
	The following table summarizes awards granted during the post-IPO period of August 14, 2013 through September 30, 2013.  The outstanding balance at September 30, 2013 represents total awards since IPO.  There were no forfeitures during the post-IPO period.
				Fair Value at
		Restricted Units		Award Date
	Board of directors		90,000	$	20.21

BUSINESS_AND_BASIS_OF_PRESENTA1

BUSINESS AND BASIS OF PRESENTATION (Details Textual) (USD $)	9 Months Ended		0 Months Ended
	Sep. 30, 2013	Sep. 30, 2013	Aug. 14, 2013	Sep. 11, 2013	Sep. 30, 2013
	Newark Terminal [Member]	IPO [Member]	IPO [Member]	Underwriter [Member]	Underwriter [Member]
			Common Stock [Member]	Common Stock [Member]	Common Stock [Member]
Stock Issued During Period, Units, New Issues	'	3,871,750	8,750,000	1,312,500	'
Shares Issued, Price Per Share	'	'	$20	$20	$20
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%	'	'	'	'
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	49.00%	'	'	'	'
Limited Partners Contributed Capital Percentage	49.00%	'	'	'	'

INITIAL_PUBLIC_OFFERING_Detail

INITIAL PUBLIC OFFERING (Details Textual) (USD $)

9 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

Sep. 30, 2013

Sep. 30, 2013

Aug. 14, 2013

Aug. 14, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Sep. 30, 2013

Aug. 14, 2013

Sep. 30, 2013

Sep. 11, 2013

Sep. 30, 2013

Bank of Tokyo-Mitsubishi UFJ, Ltd [Member]

Bank of Tokyo-Mitsubishi UFJ, Ltd [Member]

Bank of Tokyo-Mitsubishi UFJ, Ltd [Member]

Albany Terminal [Member]

Newark Terminal [Member]

Parent [Member]

Apex Oil Company, Inc [Member]

PAN Group, L.L.C [Member]

Interest In Albany And Newark Terminal [Member]

Interest Predecessor [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Subordinate Unit [Member]

IPO [Member]

IPO [Member]

Underwriter [Member]

Underwriter [Member]

Underwriter [Member]

Swing Line Loans [Member]

Interest In Jacksonville And Weirton Terminals [Member]

Interest In Albany And Newark Terminal [Member]

Interest Predecessor [Member]

Interest Predecessor [Member]

Common Stock [Member]

Common Stock [Member]

Common Stock [Member]

Stock Issued During Period, Units, New Issues

'

'

'

'

'

'

'

'

'

'

'

4,878,250

1,312,500

6,423,007

16,485,507

3,871,750

8,750,000

'

1,312,500

'

Shares Issued, Price Per Share

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$20

'

$20

$20

Ownership Interest

'

'

'

'

32.00%

49.00%

20.00%

20.00%

60.00%

'

'

'

'

'

'

'

'

'

'

'

Debt Conversion, Converted Instrument, Shares Issued

'

'

'

'

'

'

'

'

'

14,100,000

'

'

'

'

'

'

'

'

'

'

Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest

0.00%

'

'

'

'

'

'

'

'

'

69.50%

'

'

'

'

'

'

'

'

'

Proceeds from the issuance of common units

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$77,435,000

'

'

Net Proceeds from the Issuance of Common Units

72,498,519

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Underwriter Discounts And Commissions

4,936,481

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Proceeds from Issuance Initial Public Offering

97,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Initial Public Offering Expenses

4,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Total

8,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Due to Related Parties

14,100,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts Payable

4,300,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Units Redemption

1,312,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments for Repurchase of Common Units

24,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reimbursement For Acquisition Or Improvement Of Assets Related Costs

29,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Working Capital

12,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

'

200,000,000

20,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Expiration Date

'

14-Aug-18

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Underwriter Discounts And Structuring Fee

$1,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

EARNINGS_PER_UNIT_AND_CASH_DIS2

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details) (USD $)	3 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
Net Income (Loss)	$6,495	$22,937
Subordinate Unit [Member]	'	'
Net Income (Loss)	2,501	2,501
Weighted Average Limited Partnership Units	16,485,507	16,485,507
Common Stock [Member]	'	'
Weighted Average Limited Partnership Units	6,423,007	6,423,007
IPO [Member]	'	'
Net Income (Loss)	5,016	5,016
IPO [Member] | Common Stock [Member]	'	'
Net Income (Loss)	$2,515	$2,515
Weighted Average Limited Partnership Units	10,152,500	10,152,500

EARNINGS_PER_UNIT_AND_CASH_DIS3

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 1)	9 Months Ended
	Sep. 30, 2013
Minimum Quarterly Distribution [Member]	'
Total Quarterly Distribution Target Amount Description	'$0.30
Marginal Percentage Interest In Distribution To Unit Holders	100.00%
Marginal Percentage Interest In Distribution To Holders Of IDRs	0.00%
First Target Distribution [Member]	'
Total Quarterly Distribution Target Amount Description	'above $0.30 up to $0.345
Marginal Percentage Interest In Distribution To Unit Holders	100.00%
Marginal Percentage Interest In Distribution To Holders Of IDRs	0.00%
Second Target Distribution [Member]	'
Total Quarterly Distribution Target Amount Description	'above $0.345 up to $0.375
Marginal Percentage Interest In Distribution To Unit Holders	85.00%
Marginal Percentage Interest In Distribution To Holders Of IDRs	15.00%
Third Target Distribution [Member]	'
Total Quarterly Distribution Target Amount Description	'above $0.375 up to $0.450
Marginal Percentage Interest In Distribution To Unit Holders	75.00%
Marginal Percentage Interest In Distribution To Holders Of IDRs	25.00%
Thereafter [Member]	'
Total Quarterly Distribution Target Amount Description	'Above $0.450
Marginal Percentage Interest In Distribution To Unit Holders	50.00%
Marginal Percentage Interest In Distribution To Holders Of IDRs	50.00%

EARNINGS_PER_UNIT_AND_CASH_DIS4

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 2) (USD $)	9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013
General partner's interest (0%)	$0
Holders of incentive distribution rights	0
Distribution Made To Limited Partner Cash Distributions Declared	5,174
Distribution Made to Limited Partner, Distributions Declared, Per Unit	$0.16
Subordinate Unit [Member]	'
Distribution Made To Limited Partner Cash Distributions Declared	2,580
IPO [Member] | Common Stock [Member]	'
Distribution Made To Limited Partner Cash Distributions Declared	$2,594

EARNINGS_PER_UNIT_AND_CASH_DIS5

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details Textual)	9 Months Ended
	Sep. 30, 2013
Distribution Made to Limited Partner, Declaration Date	24-Sep-13
Weighted Average Number of Shares Outstanding, Basic, Total	16,497,394

FINANCIAL_INSTRUMENTS_Details_

FINANCIAL INSTRUMENTS (Details Textual) (Sales [Member])	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
Customer One [Member]	'	'
Concentration Risk, Percentage	35.00%	28.00%
Customer Two [Member]	'	'
Concentration Risk, Percentage	11.00%	15.00%

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets, Fair Value Disclosure, Total	'	$10,876
Fair Value, Inputs, Level 1 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	10,961
Fair Value, Inputs, Level 2 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	-85
Fair Value, Inputs, Level 3 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	0
Interest rate swap [Member]	'	'
Assets, Fair Value Disclosure, Total	'	-85
Interest rate swap [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	0
Interest rate swap [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	-85
Interest rate swap [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	0
Trust preferred stocks [Member]	'	'
Assets, Fair Value Disclosure, Total	'	254
Trust preferred stocks [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	254
Trust preferred stocks [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	0
Trust preferred stocks [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	0
Master limited partnerships [Member]	'	'
Assets, Fair Value Disclosure, Total	'	2,814
Master limited partnerships [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	2,814
Master limited partnerships [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	0
Master limited partnerships [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Assets, Fair Value Disclosure, Total	'	0
Cash equivalents [Member]	'	'
Assets, Fair Value Disclosure, Total	26,912	7,893
Cash equivalents [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Assets, Fair Value Disclosure, Total	26,912	7,893
Cash equivalents [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Assets, Fair Value Disclosure, Total	0	0
Cash equivalents [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Assets, Fair Value Disclosure, Total	$0	$0

ALLOWANCE_FOR_DOUBTFUL_RECEIVA2

ALLOWANCE FOR DOUBTFUL RECEIVABLES (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Dec. 31, 2012
		Predecessor [Member]
Allowance for doubtful receivable at January 1	$37	$87
Subtractions recorded as income	0	-50
Allowance for Doubtful Accounts Receivable, Current	$37	$37

PROPERTY_PLANT_AND_EQUIPMENT_D

PROPERTY, PLANT AND EQUIPMENT (Details) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified		Predecessor [Member]	Land [Member]	Land [Member]	Tanks And Appenditures [Member]	Tanks And Appenditures [Member]	Docks And Jetties [Member]	Docks And Jetties [Member]	Machinery and Equipment [Member]	Machinery and Equipment [Member]	Buildings [Member]	Buildings [Member]	Other [Member]	Other [Member]	Asset under Construction [Member]	Asset under Construction [Member]
				Predecessor [Member]		Predecessor [Member]		Predecessor [Member]		Predecessor [Member]		Predecessor [Member]		Predecessor [Member]		Predecessor [Member]
Cost	$242,632	$207,382	$23,471	$25,411	$195,170	$153,407	$6,876	$6,768	$5,982	$5,454	$1,706	$1,702	$5,321	$5,221	$4,106	$9,419
Accumulated Depreciation	103,790	90,942	0	0	94,664	83,377	2,581	2,090	3,486	2,844	654	582	2,405	2,049	0	0
Net Book Value	$138,842	$116,440	$23,471	$25,411	$100,506	$70,030	$4,295	$4,678	$2,496	$2,610	$1,052	$1,120	$2,916	$3,172	$4,106	$9,419

COMMITMENTS_Details

COMMITMENTS (Details) (USD $)	Sep. 30, 2013
In Thousands, unless otherwise specified
2013	$71
2014	268
2015	268
2016	260
2017	253
Thereafter	663
Operating Leases, Future Minimum Payments Due, Total	$1,783

COMMITMENTS_Details_Textual

COMMITMENTS (Details Textual) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012
Operating Leases, Rent Expense	$702	$470

DEBT_Details

DEBT (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest Expense, Debt	$106	$114	$255	$395

DEBT_Details_Textual

DEBT (Details Textual) (USD $)	Sep. 30, 2013	Aug. 14, 2013	Sep. 30, 2013	Aug. 14, 2013	Apr. 08, 2008	Sep. 30, 2013	Apr. 02, 2013	Dec. 31, 2012
		Bank of Tokyo-Mitsubishi UFJ, Ltd [Member]	Bank of Tokyo-Mitsubishi UFJ, Ltd [Member]	Bank of Tokyo-Mitsubishi UFJ, Ltd [Member]	commercial bank [Member]	commercial bank [Member]	commercial bank [Member]	commercial bank [Member]
				Swing Line Loans [Member]
Debt Instrument, Face Amount	'	'	'	'	$25,000,000	'	'	'
Debt Instrument, Interest Amortization Period	'	'	'	'	'seven-year	'	'	'
Debt Instrument, maturity Period	'	'	'	'	'five-year	'	'	'
Debt Instrument, Frequency of Periodic Payment	'	'	'	'	'monthly	'	'	'
Debt Instrument, Periodic Payment	'	'	'	'	'	298,000	'	'
Debt Instrument, Maturity Date	'	'	'	'	8-Oct-13	'	'	'
Debt Instrument, Description of Variable Rate Basis	'	'	'	'	'This note bore interest at a floating rate equal to the London Interbank Offered Rate plus seventy-seven hundredths of one percent (0.77%)	'	'	'
Long-term Debt, Current Maturities, Total	0	'	'	'	'	'	'	8,991,000
Debt Instrument, Interest Rate, Effective Percentage	'	'	'	'	'	'	4.17%	'
Line of Credit Facility, Maximum Borrowing Capacity	'	200,000,000	'	20,000,000	'	'	'	'
Letters of Credit Outstanding, Amount	'	20,000,000	'	'	'	'	'	'
Line of Credit Facility, Collateral Fees, Amount	'	900,000	'	'	'	'	'	'
Financing Interest Expense	'	'	78,000	'	'	'	'	'
Line Of Credit Facility Increase In Commitment Maximum Limit	'	$100,000,000	'	'	'	'	'	'

ASSET_RETIREMENT_OBLIGATIONS_D

ASSET RETIREMENT OBLIGATIONS (Details Textual) (USD $)	Sep. 30, 2013	Dec. 31, 2012	Sep. 30, 2013	Sep. 30, 2013
In Thousands, unless otherwise specified		Predecessor [Member]	Maximum [Member]	Minimum [Member]
Other Liabilities, Noncurrent	$579	$554	'	'
Maximum Undiscounted Liability	$10,135	'	'	'
Lease Expiration Date	'	'	1-Feb-61	13-Jul-34

EMPLOYEE_BENEFIT_PLANS_Details

EMPLOYEE BENEFIT PLANS (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Defined Contribution Plan, Cost Recognized	$67	$61	$168	$142

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Current	$20	$181	$465	$574
Deferred	0	0	-1,088	0
(Benefit)/provision for income taxes	$20	$181	($623)	$574

INCOME_TAXES_Details_Textual

INCOME TAXES (Details Textual) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2012
Depreciation, Total	$1,099

RELATED_PARTY_TRANSACTIONS_AND2

RELATED PARTY TRANSACTIONS AND BALANCES (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Operating costs	$976	$861	$2,626	$2,600
Reimbursement for management and marketing services	590	515	1,618	1,544
Total Charges For Related Party Services	$1,566	$1,376	$4,244	$4,144

RELATED_PARTY_TRANSACTIONS_AND3

RELATED PARTY TRANSACTIONS AND BALANCES (Details 1) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Affiliate revenues	$6,392	$5,214	$20,944	$16,023

RELATED_PARTY_TRANSACTIONS_AND4

RELATED PARTY TRANSACTIONS AND BALANCES (Details Textual) (USD $)	Sep. 30, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Due from Affiliate, Current	$763	$1,895
Due to Affiliate, Current	1,511	'
Predecessor [Member]	'	'
Due to Affiliate, Current	'	$232

EQUITYBASED_COMPENSATION_Detai

EQUITY-BASED COMPENSATION (Details) (Board of Directors Chairman [Member], USD $)	9 Months Ended
	Sep. 30, 2013
Board of Directors Chairman [Member]	'
RestrictedUnits	90,000
Fair Value at Award Date	$20.21

EQUITYBASED_COMPENSATION_Detai1

EQUITY-BASED COMPENSATION (Details Textual) (USD $)	3 Months Ended	9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	'	3,000,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures in Period	'	90,000
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	'	'3 years
Stock or Unit Option Plan Expense	$12	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$1,807	$1,807

OFFERING_TRANSACTIONRELATED_EX1

OFFERING TRANSACTION-RELATED EXPENSES (Details Textual) (USD $)	3 Months Ended	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2013	Dec. 31, 2012
Nonoperating Expense Related to IPO	$3,560	$3,560	$0