World Point Terminals 10-Q 12 Nov 14 2014 Q3 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	9 Months Ended
	Sep. 30, 2014	Nov. 12, 2014
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	'	16,825,507
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Sep-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Current Assets	'	'
Cash and cash equivalents	$18,139	$31,207
Accounts receivable, net of allowances of $41 and $95, respectively	1,984	2,770
Accounts receivable - affiliates	1,676	2,953
Short-term investments	6,380	0
Prepaid insurance	506	1,344
Other current assets	341	450
Total current assets	29,026	38,724
Property, plant and equipment, net	143,743	137,479
Goodwill	377	377
Investment in joint venture	7,987	7,640
Other assets	742	897
Total Assets	181,875	185,117
Current Liabilities	'	'
Accounts payable	5,054	4,773
Accrued liabilities	1,724	467
Accrued distributions	0	9,918
Accrued distribution of IPO proceeds to Parent	0	1,034
Due to affiliate companies	1,121	2,452
Deferred revenue - short-term	656	402
Income taxes payable	32	70
Total current liabilities	8,587	19,116
Other noncurrent liabilities	614	588
Deferred revenue - long-term	1,207	1,509
Total liabilities	10,408	21,213
Commitments and contingencies (Notes 8 and 16)	0	0
Partners' Equity	'	'
Common units (16,825,507 units issued and outstanding at September 30, 2014 and 16,575,507 units issued and outstanding at December 31, 2013)	111,037	106,615
Subordinated units (16,485,507 units issued and outstanding at September 30, 2014 and December 31, 2013)	60,430	57,289
General partner interest (0% interest)	0	0
Total partners' equity	171,467	163,904
Total Liabilities and Partners' Equity	$181,875	$185,117

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets [Parenthetical] (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, except Share data, unless otherwise specified
Accounts receivable, net of allowances	$41	$95
Common Unit, Issued (in units)	16,825,507	16,575,507
Common Unit, Outstanding (in units)	16,825,507	16,575,507
Subordinate Units, Issued (in units)	16,485,507	16,485,507
Subordinate Units, Outstanding (in units)	16,485,507	16,485,507

Condensed_Consolidated_Stateme

Condensed Consolidated Statements of Operations (USD $)	3 Months Ended				9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
REVENUES	'		'		'		'
Third parties	$13,918		$14,594		$42,702		$39,946
Affiliates	8,678		6,392		25,039		20,944
Revenues, Total	22,596		20,986		67,741		60,890
OPERATING COSTS, EXPENSES AND OTHER	'		'		'		'
Operating expenses	6,567		5,162		19,061		17,363
Operating expenses reimbursed to affiliates	668		976		2,141		2,626
Selling, general and administrative expenses	1,106		2,595		3,624		3,651
Selling, general and administrative expenses reimbursed to affiliates	470		590		1,375		1,618
Depreciation and amortization	5,321		4,537		15,116		12,895
Income from joint venture	-86		-86		-347		-86
Total operating costs, expenses and other	14,046		13,774		40,970		38,067
INCOME FROM OPERATIONS	8,550		7,212		26,771		22,823
OTHER INCOME/(EXPENSE)	'		'		'		'
Interest expense	-211		-119		-641		-256
Interest and dividend income	90		71		136		179
Gain (loss) on investments and other-net	-68		-553		91		111
Income before income taxes	8,361		6,611		26,357		22,857
Provision for income taxes	31		20		104		-623
NET INCOME	8,330		6,591		26,253		23,480
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST	0		-96		0		-543
NET INCOME ATTRIBUTABLE TO UNITHOLDERS OR SHAREHOLDER	8,330		6,495		26,253		22,937
Less Predecessor net income prior to August 14, 2013	'		1,479		'		17,921
Net income from August 14, 2013 to September 30, 2013 attributable to unitholders	'		$5,016		'		$5,016
BASIC AND DILUTED EARNINGS PER UNIT ATTRIBUTABLE TO UNITHOLDERS	'		'		'		'
Common (in dollars per share)	$0.25	[1]	$0.15	[1]	$0.79	[1]	$0.15	[1]
Subordinated (in dollars per share)	$0.25	[1]	$0.15	[1]	$0.79	[1]	$0.15	[1]
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING	'		'		'		'
Common (in shares)	16,825,507		16,497,394		16,722,943		16,497,394
Subordinated (in shares)	16,485,507		16,485,507		16,485,507		16,485,507
[1]	2013 basic and diluted earnings per unit attributable to unitholders represents post IPO earnings.

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Cash flows provided by operating activities	'	'
Net income	$26,253	$23,480
Adjustments to reconcile net income to net cash provided by operating activities:	'	'
Depreciation and amortization	15,116	12,895
Amortization of deferred financing costs	157	13
Deferred income taxes	0	-1,088
Gain on disposal of fixed assets	0	-9
Gain on derivative instrument	0	-85
Gain on marketable securities	-60	-14
Equity based compensation	1,297	12
Income from joint venture	-347	-86
Changes in operating assets and liabilities:	'	'
Accounts receivable	786	1,356
Prepaid insurance	838	307
Other current assets and other assets	103	180
Accounts payable	24	27
Accrued liabilities	1,261	654
Deferred revenue	-48	0
Income taxes payable	-38	-84
Due to affiliated companies	-1,088	-1,278
Other noncurrent liabilities	26	25
Net cash provided by operating activities	44,280	36,305
Cash flows from investing activities	'	'
Purchase of short-term investments	-6,640	-1,009
Proceeds from sale of short-term investments	320	898
Proceeds from sale of fixed assets	0	13
Terminal acquisitions	-13,744	-23,024
Capital expenditures	-7,379	-10,470
Net cash used in investing activities	-27,443	-33,592
Cash flows from financing activities	'	'
Payments on long term debt	0	-9,001
Prepaid loan fees	0	-910
Proceeds from advances with affiliate	0	12,500
Payments on advances with affiliates	0	-14,082
Proceeds from issuance of capital, net	0	64,605
Pre-IPO dividends paid	0	-8,937
Distributions to unitholders / shareholder	-29,905	-27,869
Net cash used in financing activities	-29,905	16,306
Net change in cash and cash equivalents	-13,068	19,019
Cash and cash equivalents at beginning of year	31,207	7,893
Cash and cash equivalents at end of period	18,139	26,912
Cash paid for interest	611	248
Cash paid for income taxes	151	623
Noncash investing transactions - property and equipment additions included in accounts payable	$777	$681

Condensed_Consolidated_Stateme2

Condensed Consolidated Statement of Partners' Equity (USD $)	Total	Noncontrolling Interest [Member]	Predecessor [Member]	Limited Partner Common Units [Member]	Limited Partner Subordinated Units [Member]	General Partner [Member]
In Thousands
BALANCE at Dec. 31, 2012	'	$10,674	$107,756	$0	$0	$0
Contribution of limited partner interest	'	0	0	1	0	0
Net income	'	543	17,921	0	0	0
Redemption of limited partner interest	'	0	0	-1	0	0
Distributions	'	-1,723	-10,408	0	0	0
BALANCE at Aug. 13, 2013	'	9,494	115,269	0	0	0
BALANCE at Aug. 14, 2013	'	'	'	'	'	'
Predecessor net assets and liabilities not assumed by the partnership	'	0	9,545	0	0	0
Contribution of Predecessor net assets in exchange for units	'	0	-80,388	22,509	57,879	0
Contribution of 49% of Newark terminal	'	-9,494	0	12,500	0	0
Contribution of 32% of Cenex joint venture	'	0	0	7,442	0	0
Proceeds from Offering, net of offering costs	'	0	0	64,605	0	0
Equity based compensation expense	'	0	0	163	0	0
Net income	'	0	0	6,962	6,936	0
Distributions	'	0	-44,426	-7,566	-7,526	0
BALANCE at Dec. 31, 2013	'	0	0	106,615	57,289	0
Equity based compensation expense	'	0	0	1,297	0	0
Net income	26,253	0	0	13,220	13,033	0
Distributions	'	0	0	-10,096	-9,891	0
BALANCE at Sep. 30, 2014	'	$0	$0	$111,036	$60,431	$0

Condensed_Consolidated_Stateme3

Condensed Consolidated Statement of Partners' Equity [Parenthetical]	5 Months Ended
	Dec. 31, 2013
Cenex joint venture [Member]	'
Contribution	32.00%
Newark Terminal [Member]	'
Contribution	49.00%

BUSINESS_AND_BASIS_OF_PRESENTA

BUSINESS AND BASIS OF PRESENTATION	9 Months Ended
	Sep. 30, 2014
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 Partnership’s 2013 audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2013. The Partnership’s financial statements as of September 30, 2014, and for the three and nine months ended September 30, 2014 and 2013, 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 2013 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.
	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, 2014 and 2013. 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, 2014
Regulated Operations [Abstract]	'
Initial Public Offering [Text Block]	'
	2)	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.
	Contribution Agreement
	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 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 (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 (“IDRs”) of the Partnership; and
		⋅	the public, through the underwriters, contributed $77,435 in cash (or $72,499, net of the underwriters’ discounts and commissions of $4,936) 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 $97,100, 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 $4,400, (ii) repay indebtedness owed to a commercial bank under a term loan of approximately $8,100, (iii) repay indebtedness owed to a related party of approximately $14,100, (iv) repay existing payables of approximately $4,300, (v) redeem 1,312,500 Common Units from our parent for approximately $24,600, (vi) distribute to CPT 2010 approximately $29,900, 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 $12,000. Because the gross proceeds from the exercise of the underwriter’s option to purchase additional Common Units were 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 $1,700 associated with the exercise.
	We incurred expenses related directly to the IPO of $3,606.  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 year ended December 31, 2013.
	Revolving Credit Facility
	On August 14, 2013, in connection with the closing of the Offering, Center Point entered into a $200,000 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 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, 2014
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 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, including 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. The weighted-average number of units outstanding was as follows:
			Three Months Ended			Nine Months Ended
			September 30, 2014			September 30, 2014
	Common Units			16,825,507			16,722,943
	Subordinated Units			16,485,507			16,485,507
	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 Ended								Nine Months Ended
			September 30, 2014								September 30, 2014
			Common			Subordinated			Total		Common		Subordinated		Total
	Net income attributable to unitholders		$	4,208		$	4,122		$	8,330	$	13,220	$	13,033	$	26,253
	Less:
	Distributions payable on behalf of IDRs			-			-			-		-		-		-
	Distributions payable on behalf of general partner interest			-			-			-		-		-		-
	Net income attributable to unitholders		$	4,208		$	4,122		$	8,330	$	13,220	$	13,033	$	26,253
	Weighted average limited partner units outstanding:
	Common Units – Public			10,402,500								10,299,936
	Common Units – Parent			6,423,007								6,423,007
	Subordinated Units – CPT 2010						16,485,507							16,485,507
	Earnings per unit		$	0.25		$	0.25				$	0.79	$	0.79
	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 IDRs, 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 IDRs, 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 IDRs, 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	%
	The following table sets forth the distribution declared in total and per limited partner unit attributable to the periods indicated:
					Distributions
			Date
	Period		Declared		Amount			Per Unit
	August 14, 2013 through September 30, 2013		24-Sep-13		$	5,174		$	0.1565
	October 1, 2013 through December 31, 2013		24-Sep-13		$	9,918		$	0.3
	January 1, 2014 through March 31, 2014		23-Apr-14		$	9,993		$	0.3
	April 1, 2014 through June 30, 2014		17-Jul-14		$	9,993		$	0.3
	July 1, 2014 through September 30, 2014		23-Oct-14		$	9,993		$	0.3

FINANCIAL_INSTRUMENTS

FINANCIAL INSTRUMENTS	9 Months Ended
	Sep. 30, 2014
Investments, All Other Investments [Abstract]	'
Financial Instruments Disclosure [Text Block]	'
	4)	FINANCIAL INSTRUMENTS
	The Partnership’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 Partnership has exposure to counterparty credit risk, liquidity risk, interest rate risk, and other price risk with its financial assets and liabilities. The Partnership’s risk management program seeks to minimize potential adverse effects on the Partnership’s financial performance and ultimately shareholder value. The Partnership 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 Partnership’s short-term investments and its derivative instrument.
	Cash and cash equivalents consist of bank balances. Credit risk associated with cash is minimized by 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 Partnership’s credit risk arises from the possibility that a counterparty which owes the Partnership money is unable or unwilling to meet its obligations in accordance with the terms and conditions of the contracts with the Partnership, which would result in a financial loss for the Partnership. Credit risk associated with accounts receivable is minimized by the business model and collection policies of the Partnership. Most of the Partnership’s customers prepay their obligations at the beginning of each month and/or the Partnership has custody of customer assets at its facilities. The assets held by the Partnership belonging to its customers generally carry a market value well in excess of the accounts receivable balances due. The Partnership conducts business with a relatively few number of customers, including one affiliated customer that comprised approximately 37% of the Partnership’s first nine months 2014 revenues and 35% of the Partnership’s first nine months 2013 revenues, and another that comprised approximately 12% of the Partnership’s first nine months 2014 revenues and 11% of the Partnership’s first nine months 2013 revenues, under both short term and long term contracts. A large portion of the Partnership’s annual expenses are fixed and, accordingly, the Partnership’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 Partnership’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 Partnership’s derivative instrument matured April 2, 2013.
	The Partnership has equity investments in marketable securities, including certain preferred and trust preferred stocks and debt securities. The Partnership seeks to mitigate risk of a financial loss by investing in what it considers to be high-quality instruments with quality counterparties.

FAIR_VALUE_MEASUREMENTS

FAIR VALUE MEASUREMENTS	9 Months Ended
	Sep. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	5)	FAIR VALUE MEASUREMENTS
	The Partnership 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 Partnership’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 Partnership 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 Partnership 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, 2014 and December 31, 2013:
	September 30, 2014		Level 1		Level 2		Level 3		Total
	Cash and cash equivalents		$	18,139	$	-	$	-	$	18,139
	Short-term investments
	Common stocks			983		-		-		983
	Preferred stocks			4,703		-		-		4,703
	Trust preferred stocks			329		-		-		329
	Exchange traded debt securities			365		-		-		365
	Total short-term investments			6,380		-		-		6,380
	Total assets at fair value		$	24,519	$	-	$	-	$	24,519
	31-Dec-13			Level 1		Level 2		Level 3		Total
	Cash and cash equivalents		$	31,207	$	-	$	-	$	31,207
	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 Partnership’s short-term investments consist of common stocks, preferred stocks, trust preferred securities and exchange traded debt 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 Partnership 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 Partnership’s consolidated financial statements.

ALLOWANCE_FOR_DOUBTFUL_RECEIVA

ALLOWANCE FOR DOUBTFUL RECEIVABLES	9 Months Ended
	Sep. 30, 2014
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, 2014 and the year ended December 31, 2013:
			September 30,		December 31,
			2014		2013
	Allowance for doubtful receivable at January 1		$	95	$	37
	Additions charged to expense			9		58
	Subtractions included in income			-63		-
			$	41	$	95

PROPERTY_PLANT_AND_EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	9 Months Ended
	Sep. 30, 2014
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, 2014 and December 31, 2013:
					Accumulated		Net Book
	September 30, 2014		Cost		Depreciation		Value
	Land		$	30,186	$	-	$	30,186
	Tanks and appenditures			198,274		110,765		87,509
	Docks and jetties			17,767		4,529		13,238
	Machinery and equipment			9,703		5,126		4,577
	Buildings			2,301		750		1,551
	Other			7,884		3,021		4,863
	Assets under construction			1,819		-		1,819
			$	267,934	$	124,191	$	143,743
					Accumulated		Net Book
	December 31, 2013		Cost		Depreciation		Value
	Land		$	28,147	$	-	$	28,147
	Tanks and appenditures			182,375		98,465		83,910
	Docks and jetties			15,568		3,380		12,188
	Machinery and equipment			8,387		4,048		4,339
	Buildings			1,881		678		1,203
	Other			7,008		2,524		4,484
	Assets under construction			3,208		-		3,208
			$	246,574	$	109,095	$	137,479

COMMITMENTS

COMMITMENTS	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Commitments Disclosure [Text Block]	'
		8)	COMMITMENTS
	The Partnership leases land and other use rights at some of its facilities. Lease expense totaled $1,077 and $702 for the nine months ended September 30, 2014 and 2013, respectively. These leases expire from January 31, 2015 through February 1, 2061. In accordance with the terms of its lease with the Galveston port authority, in lieu of periodic lease payments, the Partnership is responsible for the maintenance of the dock.
	Minimum rental commitments for all storage facilities of the Partnership under existing non-cancelable operating leases for the remainder of 2014 and for the years ending December 31 thereafter are as follows:
	2014		$	92
	2015			275
	2016			260
	2017			253
	2018			253
	Thereafter			409
			$	1,542

DEBT

DEBT	9 Months Ended
	Sep. 30, 2014
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. The Partnership 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 September 30, 2014 and December 31, 2013, we had no amounts outstanding under this debt. These borrowings were secured by Center Point’s storage contracts and current assets. The terms of the term loan agreement and credit facility 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.
	On August 14, 2013, in connection with the closing of the Offering, Center Point entered into a $200,000 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 $20,000 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 $20,000 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 $100,000. 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 $910 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. The terms of the Credit Facility contain certain covenants and conditions including an interest coverage ratio and a total leverage ratio. Center Point was in compliance with such covenants as of September 30, 2014 and December 31, 2013. 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. There have not been any borrowings on the credit facility. For the nine months ended September 30, 2014 and year ended December 31, 2013, Center Point incurred commitment fees of $455 and $231 which have been recorded as interest expense. As of September 30, 2014 and December 31, 2013, Center Point had future estimated minimum loan commitment fees of $2,355 and $2,810, respectively.
	Interest expense on the term note and the Credit Facility, including amortization of prepaid loan fees, for the periods indicated was:
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2014			2013		2014		2013
	$	202		$	106	$	612	$	255

ASSET_RETIREMENT_OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	9 Months Ended
	Sep. 30, 2014
Asset Retirement Obligation Disclosure [Abstract]	'
Asset Retirement Obligation Disclosure [Text Block]	'
		10)	ASSET RETIREMENT OBLIGATIONS
	The Partnership 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 Partnership to remove the assets. The recorded liability was $614 and $588 at September 30, 2014 and December 31, 2013, 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 Partnership’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 Partnership 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, 2014
Segment Reporting [Abstract]	'
Segment Reporting Disclosure [Text Block]	'
		11)	SEGMENT REPORTING
	The Partnership derives revenues from operating its sixteen liquid bulk storage and terminal facilities. The sixteen 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, 2014
Compensation and Retirement Disclosure [Abstract]	'
Compensation and Employee Benefit Plans [Text Block]	'
		12)	EMPLOYEE BENEFIT PLANS
	The Partnership offers a defined contribution savings plan. Under this plan, the Partnership matches the amount of employee contributions to specified limits. The Partnership’s employee benefit plan related expenses for the periods indicated were:
	Three Months Ended					Nine Months Ended
	September 30,					September 30,
	2014			2013		2014		2013
	$	42		$	67	$	112	$	168

INCOME_TAXES

INCOME TAXES	9 Months Ended
	Sep. 30, 2014
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, an allocable portion of the Partnership’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, our Predecessor 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 our Predecessor converting from a corporation to a limited liability company, and pursuant to ASC Topic 740, the Partnership reversed the net deferred tax liabilities that existed at June 29, 2013, as a decrease of the Partnership’s provision for income taxes.
	The provision (benefit) for income taxes from operations consists of the following:
			For the Three Months				For the Nine Months Ended
			Ended September 30,				September 30,
			2014		2013		2014		2013
	Current		$	31	$	20	$	104	$	465
	Deferred			-		-		-		-1,088
	Total		$	31	$	20	$	104	$	-623
	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 were primarily related to depreciation of fixed assets.
	The Partnership and its subsidiaries file income tax returns in the U.S. and various states. With few exceptions, the Partnership is no longer subject to U.S. federal, state, and local income tax examinations by tax authorities for years before 2010. As of September 30, 2014 and December 31, 2013, the Partnership 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, 2014
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
		14)	RELATED PARTY TRANSACTIONS AND BALANCES
	The Partnership 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 Partnership’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:
			For the Three Months				For the Nine Months
			Ended September 30,				Ended September 30,
			2014		2013		2014		2013
	Operating costs		$	668	$	976	$	2,141	$	2,626
	Reimbursement for management and marketing services			470		590		1,375		1,618
			$	1,138	$	1,566	$	3,516	$	4,244
	The Partnership earned storage revenue from affiliate companies for the periods indicated of:
			For the Three Months				For the Nine Months
			Ended September 30,				Ended September 30,
			2014		2013		2014		2013
	Affiliate revenues		$	8,678	$	6,392	$	25,039	$	20,944
	The Partnerships assets and liabilities included the following related party balances:
			September 30,		December 31,
			2014		2013
	Accounts receivable - affiliates		$	1,676	$	2,953
	Due to affiliates			1,121		2,452
	Deferred revenue			1,863		1,911

DEFERRED_REVENUE

DEFERRED REVENUE	9 Months Ended
	Sep. 30, 2014
Deferred Revenue Disclosure [Abstract]	'
Deferred Revenue Disclosure [Text Block]	'
		15)	DEFERRED REVENUE
	The Partnership entered into an arrangement with Apex to prepay for a portion of future services. The Partnership has recorded the prepayments as deferred revenue.
	The following table summarizes the Partnership’s deferred revenue activity:
			September 30,		December 31,
			2014		2013
	Balance at January 1		$	1,911	$	-
	Additions			254		2,012
	Amortization			-302		-101
	Balance at period end		$	1,863	$	1,911
	Deferred revenue – short-term		$	656	$	402
	Deferred revenue – long-term		$	1,207	$	1,509

CONTINGENCIES

CONTINGENCIES	9 Months Ended
	Sep. 30, 2014
Commitments and Contingencies Disclosure [Abstract]	'
Contingencies Disclosure [Text Block]	'
		16)	CONTINGENCIES
	The Partnership is subject to extensive environmental laws and regulations in the jurisdictions in which it operates. Additionally, the Partnership 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 Partnership. As a result, the Partnership has not accrued for any loss contingencies in 2014 and 2013.

EQUITYBASED_COMPENSATION

EQUITY-BASED COMPENSATION	9 Months Ended
	Sep. 30, 2014
Equity [Abstract]	'
Shareholders Equity and Share-based Payments [Text Block]	'
		17)	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, 2014, we have granted awards totaling 340,000 restricted units that vest over three years subject to customary forfeiture provisions. Restricted units are included in the number of common units outstanding as presented on our unaudited Condensed Consolidated Balance Sheets and are entitled to cash distributions, which are nonforfeitable, on the same basis as the Common Units.
	The following table summarizes awards granted during the post-IPO period of August 14, 2013 through September 30, 2014. There were no forfeitures during the post-IPO period.
		Restricted			Vested		Fair Value at
		Units Awarded			Units		Award Date
	September 24, 20131			90,000		-	$	20.21
	April 23, 20142			250,000		-	$	23.2
	1 Units awarded to directors of General Partner and Parent
	2 Units awarded to an affiliate of the chairman of General Partner
	For the three and nine months ended September 30, 2014, we recorded non-cash compensation expense relating to equity-based compensation of $635 and $1,297, respectively.  As described above, the LTIP did not exist in periods prior to September 20, 2013.  As of September 30, 2014 and December 31, 2013, the Partnership had unrecognized compensation expense of $6,158 and $1,656, respectively.

TERMINAL_ACQUISITIONS

TERMINAL ACQUISITIONS	9 Months Ended
	Sep. 30, 2014
Business Combinations [Abstract]	'
Business Combination Disclosure [Text Block]	'
		18)	TERMINAL ACQUISITIONS
	In June 2014, the Partnership acquired two terminals in Mobile, Alabama that have a total shell capacity of 1,826,000.
	The Chickasaw terminal has a total storage capacity of 644,000 barrels for the storage of asphalt, crude oil, and residual fuels. The terminal is served by ship, barge, truck and rail. The acquisition of the Chickasaw terminal qualifies as a business under the Business Combinations topic of the ASC. The total fair value of the Chickasaw terminal was $6,553 and was allocated to Property, plant and equipment. At acquisition, there were no other identifiable assets.
	The Blakeley Island terminal has a total storage capacity of 1,182,000 barrels for the storage of crude oil, distillates and residual fuels. The terminal, while it does not currently have any customers, is served by ship and barge with the ability to add truck access. The total fair value of the Blakeley Island terminal was $7,191 and was allocated to Property, plant and equipment.
	Pro forma information related to the acquisition is not presented because the impact of the acquisition on the Partnership's consolidated results of operations is not significant. The allocation of the purchase price to the assets acquired and liabilities assumed was accounted for under the purchase method of accounting.  Assets acquired and liabilities assumed in the transaction were recorded at their estimated acquisition date fair values, while transaction costs associated with the acquisition were expensed as incurred.  The Partnership’s allocation of the purchase price was based on an evaluation of the appropriate fair values and represents management’s best estimate based on available data.
	In April 2013, Center Point completed the purchase of terminal assets adjacent to its Jacksonville, Florida terminal with a total capacity of 450,000 barrels for the storage of gasoline and distillates. The terminal is served by ship, barge, truck and rail. The total fair value of the acquired Jacksonville terminal assets was $23,024 and was allocated to Property, plant and equipment.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	9 Months Ended
	Sep. 30, 2014
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
		19)	SUBSEQUENT EVENTS
	On October 23, 2014 the Board of Directors declared a cash distribution of $0.30 per unit for the period from July 1, 2014 through September 30, 2014. The distribution is payable on November 14, 2014 to unitholders of record on November 4, 2014.

EARNINGS_PER_UNIT_AND_CASH_DIS1

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Tables)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share [Abstract]	'
Schedule of Weighted Average Number of Shares [Table Text Block]	'
	The weighted-average number of units outstanding was as follows:
			Three Months Ended			Nine Months Ended
			September 30, 2014			September 30, 2014
	Common Units			16,825,507			16,722,943
	Subordinated Units			16,485,507			16,485,507
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	'
	The calculation of earnings per unit is as follows:
			Three Months Ended								Nine Months Ended
			September 30, 2014								September 30, 2014
			Common			Subordinated			Total		Common		Subordinated		Total
	Net income attributable to unitholders		$	4,208		$	4,122		$	8,330	$	13,220	$	13,033	$	26,253
	Less:
	Distributions payable on behalf of IDRs			-			-			-		-		-		-
	Distributions payable on behalf of general partner interest			-			-			-		-		-		-
	Net income attributable to unitholders		$	4,208		$	4,122		$	8,330	$	13,220	$	13,033	$	26,253
	Weighted average limited partner units outstanding:
	Common Units – Public			10,402,500								10,299,936
	Common Units – Parent			6,423,007								6,423,007
	Subordinated Units – CPT 2010						16,485,507							16,485,507
	Earnings per unit		$	0.25		$	0.25				$	0.79	$	0.79
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 following table sets forth the distribution declared in total and per limited partner unit attributable to the periods indicated:
					Distributions
			Date
	Period		Declared		Amount			Per Unit
	August 14, 2013 through September 30, 2013		24-Sep-13		$	5,174		$	0.1565
	October 1, 2013 through December 31, 2013		24-Sep-13		$	9,918		$	0.3
	January 1, 2014 through March 31, 2014		23-Apr-14		$	9,993		$	0.3
	April 1, 2014 through June 30, 2014		17-Jul-14		$	9,993		$	0.3
	July 1, 2014 through September 30, 2014		23-Oct-14		$	9,993		$	0.3

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
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, 2014 and December 31, 2013:
	September 30, 2014	Level 1		Level 2		Level 3		Total
	Cash and cash equivalents	$	18,139	$	-	$	-	$	18,139
	Short-term investments
	Common stocks		983		-		-		983
	Preferred stocks		4,703		-		-		4,703
	Trust preferred stocks		329		-		-		329
	Exchange traded debt securities		365		-		-		365
	Total short-term investments		6,380		-		-		6,380
	Total assets at fair value	$	24,519	$	-	$	-	$	24,519
	31-Dec-13		Level 1		Level 2		Level 3		Total
	Cash and cash equivalents	$	31,207	$	-	$	-	$	31,207

ALLOWANCE_FOR_DOUBTFUL_RECEIVA1

ALLOWANCE FOR DOUBTFUL RECEIVABLES (Tables)	9 Months Ended
	Sep. 30, 2014
Receivables [Abstract]	'
Schedule of Allowance For Doubtful Accounts [Table Text Block]	'
	The following table displays a roll forward of the allowance for doubtful trade receivables for the nine months ended September 30, 2014 and the year ended December 31, 2013:
		September 30,		December 31,
		2014		2013
	Allowance for doubtful receivable at January 1	$	95	$	37
	Additions charged to expense		9		58
	Subtractions included in income		-63		-
		$	41	$	95

PROPERTY_PLANT_AND_EQUIPMENT_T

PROPERTY, PLANT AND EQUIPMENT (Tables)	9 Months Ended
	Sep. 30, 2014
Property, Plant and Equipment [Abstract]	'
Property, Plant and Equipment [Table Text Block]	'
	Property, plant, and equipment consisted of the following as of September 30, 2014 and December 31, 2013:
				Accumulated		Net Book
	September 30, 2014	Cost		Depreciation		Value
	Land	$	30,186	$	-	$	30,186
	Tanks and appenditures		198,274		110,765		87,509
	Docks and jetties		17,767		4,529		13,238
	Machinery and equipment		9,703		5,126		4,577
	Buildings		2,301		750		1,551
	Other		7,884		3,021		4,863
	Assets under construction		1,819		-		1,819
		$	267,934	$	124,191	$	143,743
				Accumulated		Net Book
	December 31, 2013	Cost		Depreciation		Value
	Land	$	28,147	$	-	$	28,147
	Tanks and appenditures		182,375		98,465		83,910
	Docks and jetties		15,568		3,380		12,188
	Machinery and equipment		8,387		4,048		4,339
	Buildings		1,881		678		1,203
	Other		7,008		2,524		4,484
	Assets under construction		3,208		-		3,208
		$	246,574	$	109,095	$	137,479

COMMITMENTS_Tables

COMMITMENTS (Tables)	9 Months Ended
	Sep. 30, 2014
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 Partnership under existing non-cancelable operating leases for the remainder of 2014 and for the years ending December 31 thereafter are as follows:
	2014	$	92
	2015		275
	2016		260
	2017		253
	2018		253
	Thereafter		409
		$	1,542

DEBT_Tables

DEBT (Tables)	9 Months Ended
	Sep. 30, 2014
Debt Disclosure [Abstract]	'
Interest Income and Interest Expense Disclosure [Table Text Block]	'
	Interest expense on the term note and the Credit Facility, including amortization of prepaid loan fees, for the periods indicated was:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	$	202	$	106	$	612	$	255

EMPLOYEE_BENEFIT_PLANS_Tables

EMPLOYEE BENEFIT PLANS (Tables)	9 Months Ended
	Sep. 30, 2014
Compensation and Retirement Disclosure [Abstract]	'
Schedule of Defined Benefit Plans Disclosures [Table Text Block]	'
	The Partnership offers a defined contribution savings plan. Under this plan, the Partnership matches the amount of employee contributions to specified limits. The Partnership’s employee benefit plan related expenses for the periods indicated were:
	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2014		2013		2014		2013
	$	42	$	67	$	112	$	168

INCOME_TAXES_Tables

INCOME TAXES (Tables)	9 Months Ended
	Sep. 30, 2014
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:
		For the Three Months				For the Nine Months Ended
		Ended September 30,				September 30,
		2014		2013		2014		2013
	Current	$	31	$	20	$	104	$	465
	Deferred		-		-		-		-1,088
	Total	$	31	$	20	$	104	$	-623

RELATED_PARTY_TRANSACTIONS_AND1

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	9 Months Ended
	Sep. 30, 2014
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:
		For the Three Months				For the Nine Months
		Ended September 30,				Ended September 30,
		2014		2013		2014		2013
	Operating costs	$	668	$	976	$	2,141	$	2,626
	Reimbursement for management and marketing services		470		590		1,375		1,618
		$	1,138	$	1,566	$	3,516	$	4,244
Revenue From Affiliate Companies [Member]	'
Related Party Transaction [Line Items]	'
Schedule of Related Party Transactions [Table Text Block]	'
	The Partnership earned storage revenue from affiliate companies for the periods indicated of:
		For the Three Months				For the Nine Months
		Ended September 30,				Ended September 30,
		2014		2013		2014		2013
	Affiliate revenues	$	8,678	$	6,392	$	25,039	$	20,944
Assets and Liabilities [Member]	'
Related Party Transaction [Line Items]	'
Schedule of Related Party Transactions [Table Text Block]	'
	The Partnerships assets and liabilities included the following related party balances:
		September 30,		December 31,
		2014		2013
	Accounts receivable - affiliates	$	1,676	$	2,953
	Due to affiliates		1,121		2,452
	Deferred revenue		1,863		1,911

DEFERRED_REVENUE_Tables

DEFERRED REVENUE (Tables)	9 Months Ended
	Sep. 30, 2014
Deferred Revenue Disclosure [Abstract]	'
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	'
	The following table summarizes the Partnership’s deferred revenue activity:
		September 30,		December 31,
		2014		2013
	Balance at January 1	$	1,911	$	-
	Additions		254		2,012
	Amortization		-302		-101
	Balance at period end	$	1,863	$	1,911
	Deferred revenue – short-term	$	656	$	402
	Deferred revenue – long-term	$	1,207	$	1,509

EQUITYBASED_COMPENSATION_Table

EQUITY-BASED COMPENSATION (Tables)	9 Months Ended
	Sep. 30, 2014
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, 2014. There were no forfeitures during the post-IPO period.
		Restricted		Vested		Fair Value at
		Units Awarded		Units		Award Date
	September 24, 20131		90,000		-	$	20.21
	April 23, 20142		250,000		-	$	23.2
	1 Units awarded to directors of General Partner and Parent
	2 Units awarded to an affiliate of the chairman of General Partner

BUSINESS_AND_BASIS_OF_PRESENTA1

BUSINESS AND BASIS OF PRESENTATION (Details Textual) (USD $)	12 Months Ended		0 Months Ended			9 Months Ended
	Dec. 31, 2013	Aug. 14, 2013	Sep. 11, 2013	Aug. 14, 2013	Aug. 13, 2013	Sep. 30, 2014
	Newark Terminal [Member]	Newark Terminal [Member]	IPO [Member]	IPO [Member]	IPO [Member]	Underwriter [Member]
			Common Stock [Member]	Common Stock [Member]	Common Stock [Member]
Nature of Business [Line Items]	'	'	'	'	'	'
Stock Issued During Period, Units, New Issues	'	'	1,312,500	8,750,000	'	3,871,750
Shares Issued, Price Per Share	'	'	$20	$20	$20	'
Noncontrolling Interest, Ownership Percentage by Noncontrolling Owners	49.00%	'	'	'	'	'
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	100.00%	'	'	'	'	'
Noncontrolling Interest, Ownership Percentage by Parent	'	49.00%	'	'	'	'

INITIAL_PUBLIC_OFFERING_Detail

INITIAL PUBLIC OFFERING (Details Textual) (USD $)

9 Months Ended

0 Months Ended

9 Months Ended

0 Months Ended

9 Months Ended

In Thousands, except Share data, unless otherwise specified

Sep. 30, 2014

Aug. 14, 2013

Aug. 14, 2013

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 30, 2014

Sep. 11, 2013

Aug. 14, 2013

Aug. 13, 2013

Sep. 30, 2014

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]

IPO [Member]

IPO [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]

Subsidiary, Sale of Stock [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock Issued During Period, Units, New Issues

'

'

'

'

'

'

'

'

'

'

4,878,250

1,312,500

6,423,007

16,485,507

'

1,312,500

8,750,000

'

3,871,750

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

'

'

'

'

'

'

'

'

'

'

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

Net Proceeds from the Issuance of Common Units

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

72,499

Underwriter Discounts And Commissions

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,936

Initial Public Offering Expenses

4,400

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Long-term Debt, Total

8,100

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Due to Related Parties

14,100

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Accounts Payable

4,300

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common Units Redemption

1,312,500

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,312,500

Payments for Repurchase of Common Units

24,600

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Reimbursement For Acquisition Or Improvement Of Assets Related Costs

29,900

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Working Capital

12,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

200,000

200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Expiration Date

'

14-Aug-18

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Underwriter Discounts And Structuring Fee

1,700

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payments of Stock Issuance Costs

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3,606

'

'

'

'

Purchase Of Additional Common Units Value

$97,100

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

EARNINGS_PER_UNIT_AND_CASH_DIS2

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details)	3 Months Ended	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Common Units [Member]	'	'
Weighted Average Number of Shares Outstanding, Basic, Total	16,825,507	16,722,943
Subordinated Units [Member]	'	'
Weighted Average Number of Shares Outstanding, Basic, Total	16,485,507	16,485,507

EARNINGS_PER_UNIT_AND_CASH_DIS3

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 1) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earning Per Share and Cash Distributions [Line Items]	'	'	'	'
Net income attributable to unitholders	$8,330	$6,495	$26,253	$22,937
Distributions payable on behalf of IDRs	0	'	0	'
Distributions payable on behalf of general partner interest	0	'	0	'
Net income attributable to unitholders	8,330	'	26,253	'
Common Stock [Member]	'	'	'	'
Earning Per Share and Cash Distributions [Line Items]	'	'	'	'
Net income attributable to unitholders	4,208	'	13,220	'
Distributions payable on behalf of IDRs	0	'	0	'
Distributions payable on behalf of general partner interest	0	'	0	'
Net income attributable to unitholders	4,208	'	13,220	'
Weighted Average Limited Partnership Units	6,423,007	'	6,423,007	'
Earnings per unit	$0.25	'	$0.79	'
Subordinate Unit [Member]	'	'	'	'
Earning Per Share and Cash Distributions [Line Items]	'	'	'	'
Net income attributable to unitholders	4,122	'	13,033	'
Distributions payable on behalf of IDRs	0	'	0	'
Distributions payable on behalf of general partner interest	0	'	0	'
Net income attributable to unitholders	$4,122	'	$13,033	'
Weighted Average Limited Partnership Units	16,485,507	'	16,485,507	'
Earnings per unit	$0.25	'	$0.79	'
IPO [Member] | Common Stock [Member]	'	'	'	'
Earning Per Share and Cash Distributions [Line Items]	'	'	'	'
Weighted Average Limited Partnership Units	10,402,500	'	10,299,936	'

EARNINGS_PER_UNIT_AND_CASH_DIS4

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 2)	9 Months Ended
	Sep. 30, 2014
Minimum Quarterly Distribution [Member]	'
Earning Per Share and Cash Distributions [Line Items]	'
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]	'
Earning Per Share and Cash Distributions [Line Items]	'
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]	'
Earning Per Share and Cash Distributions [Line Items]	'
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]	'
Earning Per Share and Cash Distributions [Line Items]	'
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]	'
Earning Per Share and Cash Distributions [Line Items]	'
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_DIS5

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 3) (USD $)	2 Months Ended	3 Months Ended				9 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Sep. 30, 2013	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2013
Earning Per Share and Cash Distributions [Line Items]	'	'	'	'	'	'	'
Distribution Made to Limited Partner, Declaration Date	24-Sep-13	23-Oct-14	17-Jul-14	23-Apr-14	24-Sep-13	'	'
Distribution Made to Limited Partner, Cash Distributions Paid	$5,174	$9,993	$9,993	$9,993	$9,918	$29,905	$27,869
Distribution Made to Limited Partner, Distributions Paid, Per Unit	$0.16	$0.30	$0.30	$0.30	$0.30	'	'

FINANCIAL_INSTRUMENTS_Details_

FINANCIAL INSTRUMENTS (Details Textual)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013
Customer One [Member]	'	'
Financial Instruments [Line Items]	'	'
Concentration Risk, Percentage	37.00%	35.00%
Customer Two [Member]	'	'
Financial Instruments [Line Items]	'	'
Concentration Risk, Percentage	12.00%	11.00%

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Short-term investments	$6,380	$0
Assets, Fair Value Disclosure, Total	24,519	'
Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Short-term investments	6,380	'
Assets, Fair Value Disclosure, Total	24,519	'
Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Short-term investments	0	'
Assets, Fair Value Disclosure, Total	0	'
Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Short-term investments	0	'
Assets, Fair Value Disclosure, Total	0	'
Exchange traded debt securities [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	365	'
Exchange traded debt securities [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	365	'
Exchange traded debt securities [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	0	'
Exchange traded debt securities [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	0	'
Trust preferred stocks [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	329	'
Trust preferred stocks [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	329	'
Trust preferred stocks [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	0	'
Trust preferred stocks [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	0	'
Common stocks [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	983	'
Common stocks [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	983	'
Common stocks [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Short-term investments	0	'
Common stocks [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Short-term investments	0	'
Preferred stocks [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	4,703	'
Preferred stocks [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	4,703	'
Preferred stocks [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	0	'
Preferred stocks [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	0	'
Cash and cash equivalents [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	18,139	31,207
Cash and cash equivalents [Member] | Fair Value, Inputs, Level 1 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	18,139	31,207
Cash and cash equivalents [Member] | Fair Value, Inputs, Level 2 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Assets, Fair Value Disclosure, Total	0	0
Cash and cash equivalents [Member] | Fair Value, Inputs, Level 3 [Member]	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
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, 2014	Dec. 31, 2013
Allowance For Doubtful Receivables [Line Items]	'	'
Allowance for doubtful receivable beginning value	$95	$37
Additions charged to expense	9	58
Subtractions included in income	-63	0
Allowance for doubtful receivable ending value	$41	$95

PROPERTY_PLANT_AND_EQUIPMENT_D

PROPERTY, PLANT AND EQUIPMENT (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]	'	'
Cost	$267,934	$246,574
Accumulated Depreciation	124,191	109,095
Net Book Value	143,743	137,479
Land [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	30,186	28,147
Accumulated Depreciation	0	0
Net Book Value	30,186	28,147
Tanks and appenditures [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	198,274	182,375
Accumulated Depreciation	110,765	98,465
Net Book Value	87,509	83,910
Docks and jetties [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	17,767	15,568
Accumulated Depreciation	4,529	3,380
Net Book Value	13,238	12,188
Machinery and equipment [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	9,703	8,387
Accumulated Depreciation	5,126	4,048
Net Book Value	4,577	4,339
Buildings [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	2,301	1,881
Accumulated Depreciation	750	678
Net Book Value	1,551	1,203
Other [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	7,884	7,008
Accumulated Depreciation	3,021	2,524
Net Book Value	4,863	4,484
Assets under construction [Member]	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	1,819	3,208
Accumulated Depreciation	0	0
Net Book Value	$1,819	$3,208

COMMITMENTS_Details

COMMITMENTS (Details) (USD $)	Sep. 30, 2014
In Thousands, unless otherwise specified
Commitments [Line Items]	'
2014	$92
2015	275
2016	260
2017	253
2018	253
Thereafter	409
Operating Leases, Future Minimum Payments Due, Total	$1,542

COMMITMENTS_Details_Textual

COMMITMENTS (Details Textual) (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013
Commitments [Line Items]	'	'
Operating Leases, Rent Expense	$1,077	$702

DEBT_Details

DEBT (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Line of Credit Facility, Periodic Payment, Interest	$202	$106	$612	$255

DEBT_Details_Textual

DEBT (Details Textual) (USD $)	0 Months Ended	9 Months Ended	12 Months Ended		0 Months Ended	9 Months Ended
In Thousands, unless otherwise specified	Aug. 14, 2013	Sep. 30, 2014	Dec. 31, 2013	Aug. 14, 2013	Apr. 08, 2008	Sep. 30, 2014	Apr. 02, 2013
	Bank of Tokyo-Mitsubishi UFJ, Ltd [Member]	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]
				Swing Line Loans [Member]
Debt Instrument [Line Items]	'	'	'	'	'	'	'
Debt Instrument, Face Amount	'	'	'	'	$25,000	'	'
Debt Instrument, Term	'	'	'	'	'5 years	'	'
Debt Instrument, Periodic Payment	'	'	'	'	'	298	'
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%) and was amortized over a seven-year period.	'	'
Debt Instrument, Interest Rate, Effective Percentage	'	'	'	'	'	'	4.17%
Line of Credit Facility, Maximum Borrowing Capacity	200,000	'	'	200,000	'	'	'
Letters of Credit Outstanding, Amount	20,000	'	'	20,000	'	'	'
Line of Credit Facility, Collateral Fees, Amount	910	'	'	'	'	'	'
Financing Interest Expense	'	455	231	'	'	'	'
Line Of Credit Facility Increase In Commitment Maximum Limit	100,000	'	'	'	'	'	'
Debt Instrument, Future Estimated Minimum Loan Commitment Fees	'	$2,355	$2,810	'	'	'	'

ASSET_RETIREMENT_OBLIGATIONS_D

ASSET RETIREMENT OBLIGATIONS (Details Textual) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Sep. 30, 2014	Sep. 30, 2014
In Thousands, unless otherwise specified			Maximum [Member]	Minimum [Member]
Asset Retirement Obligations [Line Items]	'	'	'	'
Other Liabilities, Noncurrent	$614	$588	'	'
Credit Derivative, Maximum Exposure, Undiscounted	$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, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Defined Benefit Plan Disclosure [Line Items]	'	'	'	'
Defined Contribution Plan, Cost Recognized	$42	$67	$112	$168

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Income Tax Disclosure [Line Items]	'	'	'	'
Current	$31	$20	$104	$465
Deferred	0	0	0	-1,088
Total	$31	$20	$104	($623)

RELATED_PARTY_TRANSACTIONS_AND2

RELATED PARTY TRANSACTIONS AND BALANCES (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Related Party Transaction [Line Items]	'	'	'	'
Operating costs	$668	$976	$2,141	$2,626
Reimbursement for management and marketing services	470	590	1,375	1,618
Total Charges For Related Party Services	$1,138	$1,566	$3,516	$4,244

RELATED_PARTY_TRANSACTIONS_AND3

RELATED PARTY TRANSACTIONS AND BALANCES (Details 1) (USD $)	2 Months Ended	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 03, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Related Party Transaction [Line Items]	'	'	'	'	'
Affiliate revenues	$6,392	$8,678	$6,392	$25,039	$20,944

RELATED_PARTY_TRANSACTIONS_AND4

RELATED PARTY TRANSACTIONS AND BALANCES (Details 2) (USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Accounts receivable - affiliates	$1,676	$2,953	'
Due to affiliates	1,121	2,452	'
Deferred revenue	$1,863	$1,911	$0

DEFERRED_REVENUE_Details

DEFERRED REVENUE (Details) (USD $)	9 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Deferred Revenue [Line Items]	'	'
Balance at January 1	$1,911	$0
Additions	254	2,012
Amortization	-302	-101
Balance at period end	1,863	1,911
Deferred revenue - short-term	656	402
Deferred revenue - long-term	$1,207	$1,509

EQUITYBASED_COMPENSATION_Detai

EQUITY-BASED COMPENSATION (Details) (USD $)	9 Months Ended
	Sep. 30, 2014
September 24, 2013 [Memeber]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Restricted Units Awarded	90,000	[1]
Vested Units	0	[1]
Fair Value at Award Date	$20.21	[1]
April 23, 2014 [Member]	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'
Restricted Units Awarded	250,000	[2]
Vested Units	0	[2]
Fair Value at Award Date	$23.20	[2]
[1]	Units awarded to directors of General Partner and Parent.
[2]	Units awarded to an affiliate of the chairman of General Partner.

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, 2014	Sep. 30, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	3,000,000	3,000,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	'	340,000	'
Stock or Unit Option Plan Expense	$635	$1,297	'
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total	$6,158	$6,158	$1,656

TERMINAL_ACQUISITIONS_Details_

TERMINAL ACQUISITIONS (Details Textual) (USD $)	Jun. 30, 2014	Jun. 30, 2014	Jun. 30, 2014	Apr. 30, 2013
In Thousands, unless otherwise specified	bbl	Chickasaw terminal [Member]	Blakeley Island terminal [Member]	Florida terminal [Member]
		bbl	bbl	bbl
Storage Capacity Of Terminals	1,826,000	644,000	1,182,000	450,000
Property, Plant, and Equipment, Fair Value Disclosure	'	$6,553	$7,191	$23,024

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (USD $)	9 Months Ended
	Sep. 30, 2014
Cash Distribution Declared to Unit Holders	$0.30