World Point Terminals 10-Q 13 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	13-May-15
Document Information [Line Items]
Entity Registrant Name	World Point Terminals, LP
Entity Central Index Key	1574963
Current Fiscal Year End Date	-19
Entity Filer Category	Non-accelerated Filer
Trading Symbol	WPT
Entity Common Stock, Shares Outstanding		18,375,507
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Year Focus	2015
Document Fiscal Period Focus	Q1

Condensed_Consolidated_Balance

Condensed Consolidated Balance Sheets (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Current Assets
Cash and cash equivalents	$15,397	$18,429
Accounts receivable, net of allowances of $5 and $8, respectively	3,279	2,250
Accounts receivable - affiliates	2,278	2,391
Short-term investments	5,738	5,527
Prepaid insurance	146	197
Prepaid insurance - affiliates	991	93
Other current assets	470	416
Total current assets	28,299	29,303
Property, plant and equipment, net	162,404	143,172
Goodwill	6,072	377
Acquired customer contracts, net	6,213	0
Investment in joint venture	8,234	8,125
Other assets	658	798
Total Assets	211,880	181,775
Current Liabilities
Accounts payable	6,225	6,765
Accrued liabilities	1,054	1,088
Due to affiliate companies	1,318	1,411
Deferred revenue - short-term	254	0
Deferred revenue - short-term - affiliates	402	656
Income taxes payable	110	109
Total current liabilities	9,363	10,029
Other noncurrent liabilities	631	622
Deferred revenue - long-term - affiliates	1,006	1,106
Total liabilities	11,000	11,757
Commitments and contingencies (Notes 9 and 17)	0	0
Partners’ Equity
Common units (18,375,507 units issued and outstanding at March 31, 2015 and 16,825,507 units issued and outstanding at December 31, 2014)	141,556	110,241
Subordinated units (16,485,507 units issued and outstanding at March 31, 2015 and December 31, 2014)	59,324	59,777
General partner interest (0% interest)	0	0
Total partners’ equity	200,880	170,018
Total Liabilities and Partners’ Equity	$211,880	$181,775

Condensed_Consolidated_Balance1

Condensed Consolidated Balance Sheets [Parenthetical] (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, except Share data, unless otherwise specified
Accounts receivable, net of allowances	$5	$8
Common Unit, Issued (in units)	18,375,507	16,825,507
Common Unit, Outstanding (in units)	18,375,507	16,825,507
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
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
REVENUES
Third parties	$15,274	$14,413
Affiliates	9,869	8,319
Revenues, Total	25,143	22,732
OPERATING COSTS, EXPENSES AND OTHER
Operating expenses	7,326	7,192
Operating expenses reimbursed to affiliates	733	671
Selling, general and administrative expenses	1,037	649
Selling, general and administrative expenses reimbursed to affiliates	450	454
Depreciation and amortization	6,173	4,831
Income from joint venture	-109	-129
Total operating costs, expenses and other	15,610	13,668
INCOME FROM OPERATIONS	9,533	9,064
OTHER INCOME/(EXPENSE)
Interest expense	-205	-213
Interest and dividend income	85	9
Gain (loss) on investments and other-net	94	29
Income before income taxes	9,507	8,889
Provision for income taxes	8	20
NET INCOME	$9,499	$8,869
BASIC AND DILUTED EARNINGS PER UNIT
Common (in dollars per share)	$0.27	$0.27
Subordinated (in dollars per share)	$0.27	$0.27
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING
Common (in shares)	18,375,507	16,575,507
Subordinated (in shares)	16,485,507	16,485,507

Condensed_Consolidated_Stateme1

Condensed Consolidated Statements of Cash Flows (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Cash flows provided by operating activities
Net income	$9,499	$8,869
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	6,173	4,831
Amortization of deferred financing costs	46	54
Gain on marketable securities	-82	-28
Equity based compensation	635	152
Income from joint venture	-109	-129
Changes in operating assets and liabilities:
Accounts receivable	-1,029	-599
Prepaid insurance	-847	477
Other current assets and other assets	40	0
Accounts payable	-1,352	-515
Accrued liabilities	-34	459
Deferred revenue	-100	-101
Income taxes payable	1	20
Due to affiliated companies	20	956
Other noncurrent liabilities	9	8
Net cash provided by operating activities	12,870	14,454
Cash flows from investing activities
Purchase of short-term investments	-129	-2,325
Capital expenditures	-5,315	-3,215
Net cash used in investing activities	-5,444	-5,540
Cash flows from financing activities
Distributions to unitholders / shareholder	-10,458	-9,918
Net cash used in financing activities	-10,458	-9,918
Net change in cash and cash equivalents	-3,032	-1,004
Cash and cash equivalents at beginning of year	18,429	31,207
Cash and cash equivalents at end of period	15,397	30,203
Cash paid for interest	150	304
Cash paid for income taxes	8	0
Noncash investing transactions - property and equipment additions included in accounts payable	1,112	431
Noncash financing and investing transactions - issuance of units for acquisition of terminal assets	$31,186	$0

Condensed_Consolidated_Stateme2

Condensed Consolidated Statements of Partners' Equity (USD $)	Total	Limited Partner Common Units [Member]	Limited Partner Subordinated Units [Member]	General Partner [Member]
In Thousands
BALANCE at Dec. 31, 2013		$106,615	$57,289	$0
Equity based compensation expense		1,933	0	0
Net income		16,375	16,143	0
Distributions		-15,143	-14,838	0
Contribution to partners’ equity		461	1,183
BALANCE at Dec. 31, 2014	0	110,241	59,777
Issuance of units for acquisition of terminal assets	31,186	31,186	0	0
Equity based compensation expense		635	0	0
Net income	9,499	5,007	4,492	0
Distributions		-5,513	-4,945	0
BALANCE at Mar. 31, 2015		$141,556	$59,324	$0

BUSINESS_AND_BASIS_OF_PRESENTA

BUSINESS AND BASIS OF PRESENTATION	3 Months Ended
	Mar. 31, 2015
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”). The Partnership through its wholly owned subsidiary Center Point Terminal Company, LLC (“Center Point”) owns, operates, develops and acquires liquid bulk storage terminals and related assets primarily for the storage of petroleum based products, including light refined products, heavy refined products and crude oil. We operate fee-based facilities located along the East Coast, Gulf Coast and Midwest regions of the United States.
	Basis of Presentation
	These unaudited interim condensed consolidated financial statements were prepared under the rules and regulations of the U.S. Securities and Exchange Commission (“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 2014 audited consolidated financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2014. The Partnership’s financial statements as of March 31, 2015, and for the three months ended March 31, 2015 and 2014, 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 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 months ended March 31, 2015 and 2014. Information for interim periods may not be indicative of the Partnership’s operating results for the entire year.

EARNINGS_PER_UNIT_AND_CASH_DIS

EARNINGS PER UNIT AND CASH DISTRIBUTIONS	3 Months Ended
	Mar. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	2)	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, including incentive distributions, if any, to the holders of IDRs, pursuant to our partnership agreement. 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			Three Months Ended
		March 31, 2015			March 31, 2014
	Common Units		18,375,507			16,575,507
	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 and subordinated 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								Three Months Ended
			March 31, 2015								March 31, 2014
				Common			Subordinated			Total		Common		Subordinated		Total
	Net income		$	5,007		$	4,492		$	9,499	$	4,447	$	4,422	$	8,869
	Less:
	Distributions payable on behalf of IDRs			-			-			-		-		-		-
	Distributions payable on behalf of general partner interest			-			-			-		-		-		-
	Net income		$	5,007		$	4,492		$	9,499	$	4,447	$	4,422	$	8,869
	Weighted average limited partner units outstanding:
	Common units – Public1			11,952,500								10,152,500
	Common units – Parent			6,423,007								6,423,007
	Subordinated units – Parent						16,485,507							16,485,507
	Earnings per unit		$	0.27		$	0.27				$	0.27	$	0.27
		1	At March 31, 2015,  Apex Oil Company, Inc. (“Apex”) owns 1,550,000 of the total 11,952,500 common units – public.
	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 Distribution		Marginal Percentage Interest in Distributions
					Unitholders		Holders of IDRs
			Target Amount
	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:
			Date		Distributions
	Period		Declared		Amount			Per Unit
	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
	October 1, 2014 through December 31, 2014		15-Jan-15		$	10,458		$	0.3
	January 1, 2015 through March 31, 2015		21-Apr-15		$	10,458		$	0.3

FINANCIAL_INSTRUMENTS

FINANCIAL INSTRUMENTS	3 Months Ended
	Mar. 31, 2015
Investments, All Other Investments [Abstract]
Financial Instruments Disclosure [Text Block]	3)	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.
	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.
	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 significant portions of 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 which comprised approximately 39% and 37% of the Partnership’s first three months 2015 and 2014 revenues, respectively, and another which comprised approximately 10% of the Partnership’s first three months 2015 and 2014 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 has equity investments in certain exchange traded debt securities, preferred and trust preferred stocks. The Partnership mitigates the 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	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	4)	FAIR VALUE MEASUREMENTS
	The Partnership follows Accounting Standards Codification (“ASC”) Topic 820, Fair Value Measurements and Disclosures, for the consolidated financial statements. The topic requires 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 March 31, 2015 and December 31, 2014:
	March 31, 2015		Level 1		Level 2		Level 3		Total
	Cash and cash equivalents		$	15,397	$	-	$	-	$	15,397
	Short-term investments
	Preferred stocks			4,885		-		-		4,885
	Trust preferred stocks			335		-		-		335
	Exchange traded debt securities			518		-		-		518
	Total short-term investments			5,738		-		-		5,738
	Total assets at fair value		$	21,135	$	-	$	-	$	21,135
	December 31, 2014		Level 1		Level 2			Level 3	Total
	Cash and cash equivalents		$	18,429	$	-	$	-	$	18,429
	Short-term investments
	Preferred stocks			4,822		-		-		4,822
	Exchange traded debt securities			375		-		-		375
	Trust preferred stocks			330		-		-		330
	Total short-term investments			5,527						5,527
	Total assets at fair value		$	23,956	$	-	$	-	$	23,956
	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 short-term investments consist of investments in listed exchange traded debt securities, preferred stocks 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.

ALLOWANCE_FOR_DOUBTFUL_RECEIVA

ALLOWANCE FOR DOUBTFUL RECEIVABLES	3 Months Ended
	Mar. 31, 2015
Receivables [Abstract]
Allowance For Doubtful Accounts Receivable Disclosure [Text Block]		5)	ALLOWANCE FOR DOUBTFUL RECEIVABLES
	The following table displays a roll forward of the allowance for doubtful trade receivables for the three months ended March 31, 2015 and the year ended December 31, 2014:
			March 31,		December 31, 2014
			2015
	Allowance for doubtful receivable at January 1		$	8	$	95
	Subtractions included in income			-3		-87
			$	5	$	8

PROPERTY_PLANT_AND_EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	6)	PROPERTY, PLANT AND EQUIPMENT
	Property, plant, and equipment consisted of the following as of March 31, 2015 and December 31, 2014:
	March 31, 2015		Cost		Accumulated Depreciation		Net Book Value
	Land		$	32,200	$	-	$	32,200
	Tanks and appenditures			217,489		119,592		97,897
	Docks and jetties			17,826		5,368		12,458
	Machinery and equipment			9,890		5,863		4,027
	Buildings			2,423		806		1,617
	Other			9,995		3,332		6,663
	Assets under construction			7,542		-		7,542
			$	297,365	$	134,961	$	162,404
	December 31, 2014		Cost		Accumulated Depreciation		Net Book Value
	Land		$	30,186	$	-	$	30,186
	Tanks and appenditures			200,516		114,860		85,656
	Docks and jetties			17,767		4,947		12,820
	Machinery and equipment			9,779		5,427		4,352
	Buildings			2,312		777		1,535
	Other			8,756		3,103		5,653
	Assets under construction			2,970		-		2,970
			$	272,286	$	129,114	$	143,172

TERMINAL_ACQUISITIONS

TERMINAL ACQUISITIONS	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]		7)	TERMINAL ACQUISITIONS
	On January 1, 2015, the Partnership acquired a terminal facility in Greensboro, North Carolina which has a total shell capacity of 684,000 barrels for the storage of gasoline, distillate, ethanol and jet fuel. The terminal is served by truck and connection to the Colonial Pipeline. The Partnership entered into a contribution agreement with a subsidiary of Apex Oil Company, Inc. (“Apex”) whereby the Partnership issued 1,550,000 common units to Apex in exchange for the terminal. Based on the closing price of the Partnership’s common units on December 31, 2014, the value of the units issued represented approximately $31,186 in total consideration. The acquisition of the Greensboro terminal qualifies as a business under the Business Combinations topic of the ASC. The allocation of the contribution consideration 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, other than $48 in closing costs which were recorded as property, plant and equipment.
	The Partnership has made a preliminary allocation, which may be subject to revision, of the contribution consideration to the assets acquired as follows:
	Contribution consideration
	Property, plant and equipment		$	18,951
	Goodwill			5,695
	Acquired customer contracts			6,540
	Total consideration			31,186
	Closing costs			48
	Total terminal cost		$	31,234
	In June 2014, the Partnership acquired two terminals in Mobile, Alabama that will have a total shell capacity of 1,826,000 barrels once necessary repairs and upgrades are made to the tanks.
	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.
	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 is served by ship, barge and truck access. The total fair value of the Blakeley Island terminal was $7,191 and was allocated to property, plant and equipment.
	The Partnership’s allocation of the purchase price for the Chickasaw and Blakeley Island terminals was based on an evaluation of the appropriate fair values and represents management’s best estimate based on available data. There were no other identifiable assets or liabilities for these acquisitions.
	Pro forma information related to these acquisitions is not presented because the impact of the acquisitions on the Partnership's consolidated results of operations is not significant.

ACQUIRED_CUSTOMER_CONTRACTS

ACQUIRED CUSTOMER CONTRACTS	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Intangible Assets Disclosure [Text Block]	8)	ACQUIRED CUSTOMER CONTRACTS
	In connection with the acquisition of the terminal facility in Greensboro, North Carolina, the Partnership has made a preliminary allocation of $6,540 of the consideration to acquired customer contracts, however, that allocation may be subject to revision. The cost will be amortized over a period of five years.
	Acquired customer contracts consisted of the following at March 31, 2015 and December 31, 2014.
			March 31,		December 31,
			2015		2014
	Cost		$	6,540	$	-
	Less accumulated amortization			-327		-
			$	6,213	$	-

COMMITMENTS

COMMITMENTS	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments Disclosure [Text Block]	9)	COMMITMENTS
	The Partnership leases land and other use rights at some of its facilities. Lease expense totaled $273 and $272 for the three months ended March 31, 2015 and 2014, respectively. These leases expire from March 31, 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 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 2015 and for the years ending December 31 thereafter are as follows:
	2015		$	409
	2016			511
	2017			496
	2018			496
	2019			406
	Thereafter			27
			$	2,345

DEBT

DEBT	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	10)	DEBT
	On August 14, 2013, 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 March 31, 2015 and December 31, 2014. 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. Center Point incurred commitment fees of $150 for each of the three months ended March 31, 2015 and 2014, which have been recorded as interest expense. As of March 31, 2015 and December 31, 2014, Center Point had future estimated minimum loan commitment fees of $2,052 and $2,202, respectively.
	Interest expense on the Credit Facility, including amortization of prepaid loan fees, was $196 and $204 for the three months ended March 31, 2015 and 2014, respectively.

ASSET_RETIREMENT_OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	3 Months Ended
	Mar. 31, 2015
Asset Retirement Obligation Disclosure [Abstract]
Asset Retirement Obligation Disclosure [Text Block]		11)	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 $631 and $622 at March 31, 2015 and December 31, 2014, 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	3 Months Ended
	Mar. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	12)	SEGMENT REPORTING
	The Partnership derives revenues from operating its seventeen liquid bulk storage and terminal facilities. The seventeen 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	3 Months Ended
	Mar. 31, 2015
Compensation and Retirement Disclosure [Abstract]
Compensation and Employee Benefit Plans [Text Block]	13)	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 were $57 and $32 for the three months ended March 31, 2015 and 2014, respectively.

INCOME_TAXES

INCOME TAXES	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	14)	INCOME TAXES
	The Partnership’s taxable income flows through to its partners, who generally will be responsible for the appropriate taxes due on the taxable income. However, the Partnership or its subsidiaries continue to be treated as taxable entities and pay taxes in some state and local jurisdictions.
	The provision for income taxes from operations consists of the following:
			For the Three Months Ended March 31,
			2015		2014
	Current		$	8	$	20
	Deferred			-		-
	Total		$	8	$	20
	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 2011. As of March 31, 2015 and December 31, 2014, the Partnership did not have any unrecognized tax benefits recorded in the consolidated balance sheets.

RELATED_PARTY_TRANSACTIONS_AND

RELATED PARTY TRANSACTIONS AND BALANCES	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	15)	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, including compensation of its employees and payment for supplies and equipment. Total charges for related party services were as follows:
			For the Three Months Ended March 31,
			2015		2014
	Operating costs		$	733	$	671
	Reimbursement for management and marketing services			450		454
			$	1,183	$	1,125
	The Partnership earned storage revenue from affiliated companies for the periods indicated of:
			For the Three Months Ended March 31,
			2015		2014
	Affiliate revenues		$	9,869	$	8,319
	The Partnerships assets and liabilities included the following related party balances:
			March 31, 2015		December 31, 2014
	Accounts receivable - affiliates		$	2,278	$	2,391
	Prepaid insurance – affiliates			991		93
	Due to affiliates			1,318		1,411
	Deferred revenue – short-term – affiliates			402		656
	Deferred revenue – long-term – affiliates			1,006		1,106

DEFERRED_REVENUE

DEFERRED REVENUE	3 Months Ended
	Mar. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue Disclosure [Text Block]	16)	DEFERRED REVENUE
	During 2013, the Partnership entered into an arrangement with Apex to provide certain terminaling services at the Partnership’s facilities. The arrangement establishes the pricing and requires Apex to prepay for a portion of the future services. The Partnership has recorded the prepayments as deferred revenue.
	The following table summarizes the Partnership’s deferred revenue activity:
			March 31, 2015		December 31, 2014
	Balance at January 1		$	1,762	$	1,911
	Additions					254
	Amortization			-100		-403
	Balance at period end		$	1,662	$	1,762
	Deferred revenue – short-term		$	254	$	-
	Deferred Revenue – short-term –affiliates		$	402		656
	Deferred revenue – long-term – affiliates		$	1,006	$	1,106

CONTINGENCIES

CONTINGENCIES	3 Months Ended
	Mar. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Contingencies Disclosure [Text Block]	17)	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 2015 and 2014.

EQUITYBASED_COMPENSATION

EQUITY-BASED COMPENSATION	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Shareholders Equity and Share-based Payments [Text Block]	18)	EQUITY-BASED COMPENSATION
	The Partnership has a Long-Term Incentive Plan (the “LTIP”) for providing long-term incentives to our employees, directors and consultants who provide services to us.  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 March 31, 2015, 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 pursuant to the LTIP through March 31, 2015. There were no forfeitures through March 31, 2015.
			Restricted		Vested		Fair Value at
			Units Awarded		Units		Award Date
	September 24, 20131			90,000		16,665	$	20.21
	April 23, 20142			250,000		-	$	23.2
		1	Units awarded to directors of General Partner and Parent
		2	Units awarded to the chairman of General Partner
	For the three months ended March 31, 2015 and 2014, we recorded non-cash compensation expense relating to equity-based compensation of $635 and $152, respectively.  As of December 31, 2014, the Partnership had unrecognized compensation expense of $5,523.

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	3 Months Ended
	Mar. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	19)	SUBSEQUENT EVENTS
	On April 21, 2015 the Board of Directors declared a cash distribution of $0.30 per unit for the period from January 1, 2015 through March 31, 2015. The distribution is payable on May 15, 2015 to unitholders of record on May 4, 2015.

EARNINGS_PER_UNIT_AND_CASH_DIS1

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Tables)	3 Months Ended
	Mar. 31, 2015
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			Three Months Ended
		March 31, 2015			March 31, 2014
	Common Units		18,375,507			16,575,507
	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								Three Months Ended
			March 31, 2015								March 31, 2014
				Common			Subordinated			Total		Common		Subordinated		Total
	Net income		$	5,007		$	4,492		$	9,499	$	4,447	$	4,422	$	8,869
	Less:
	Distributions payable on behalf of IDRs			-			-			-		-		-		-
	Distributions payable on behalf of general partner interest			-			-			-		-		-		-
	Net income		$	5,007		$	4,492		$	9,499	$	4,447	$	4,422	$	8,869
	Weighted average limited partner units outstanding:
	Common units – Public1			11,952,500								10,152,500
	Common units – Parent			6,423,007								6,423,007
	Subordinated units – Parent						16,485,507							16,485,507
	Earnings per unit		$	0.27		$	0.27				$	0.27	$	0.27
		1	At March 31, 2015,  Apex Oil Company, Inc. (“Apex”) owns 1,550,000 of the total 11,952,500 common units – public.
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 Distribution		Marginal Percentage Interest in Distributions
					Unitholders		Holders of IDRs
			Target Amount
	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:
			Date		Distributions
	Period		Declared		Amount			Per Unit
	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
	October 1, 2014 through December 31, 2014		15-Jan-15		$	10,458		$	0.3
	January 1, 2015 through March 31, 2015		21-Apr-15		$	10,458		$	0.3

FAIR_VALUE_MEASUREMENTS_Tables

FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
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 March 31, 2015 and December 31, 2014:
	March 31, 2015	Level 1		Level 2		Level 3		Total
	Cash and cash equivalents	$	15,397	$	-	$	-	$	15,397
	Short-term investments
	Preferred stocks		4,885		-		-		4,885
	Trust preferred stocks		335		-		-		335
	Exchange traded debt securities		518		-		-		518
	Total short-term investments		5,738		-		-		5,738
	Total assets at fair value	$	21,135	$	-	$	-	$	21,135
	December 31, 2014	Level 1		Level 2			Level 3	Total
	Cash and cash equivalents	$	18,429	$	-	$	-	$	18,429
	Short-term investments
	Preferred stocks		4,822		-		-		4,822
	Exchange traded debt securities		375		-		-		375
	Trust preferred stocks		330		-		-		330
	Total short-term investments		5,527						5,527
	Total assets at fair value	$	23,956	$	-	$	-	$	23,956

ALLOWANCE_FOR_DOUBTFUL_RECEIVA1

ALLOWANCE FOR DOUBTFUL RECEIVABLES (Tables)	3 Months Ended
	Mar. 31, 2015
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 three months ended March 31, 2015 and the year ended December 31, 2014:
		March 31,		December 31, 2014
		2015
	Allowance for doubtful receivable at January 1	$	8	$	95
	Subtractions included in income		-3		-87
		$	5	$	8

PROPERTY_PLANT_AND_EQUIPMENT_T

PROPERTY, PLANT AND EQUIPMENT (Tables)	3 Months Ended
	Mar. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant, and equipment consisted of the following as of March 31, 2015 and December 31, 2014:
	March 31, 2015	Cost		Accumulated Depreciation		Net Book Value
	Land	$	32,200	$	-	$	32,200
	Tanks and appenditures		217,489		119,592		97,897
	Docks and jetties		17,826		5,368		12,458
	Machinery and equipment		9,890		5,863		4,027
	Buildings		2,423		806		1,617
	Other		9,995		3,332		6,663
	Assets under construction		7,542		-		7,542
		$	297,365	$	134,961	$	162,404
	December 31, 2014	Cost		Accumulated Depreciation		Net Book Value
	Land	$	30,186	$	-	$	30,186
	Tanks and appenditures		200,516		114,860		85,656
	Docks and jetties		17,767		4,947		12,820
	Machinery and equipment		9,779		5,427		4,352
	Buildings		2,312		777		1,535
	Other		8,756		3,103		5,653
	Assets under construction		2,970		-		2,970
		$	272,286	$	129,114	$	143,172

TERMINAL_ACQUISITIONS_Tables

TERMINAL ACQUISITIONS (Tables)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The Partnership has made a preliminary allocation, which may be subject to revision, of the contribution consideration to the assets acquired as follows:
	Contribution consideration
	Property, plant and equipment	$	18,951
	Goodwill		5,695
	Acquired customer contracts		6,540
	Total consideration		31,186
	Closing costs		48
	Total terminal cost	$	31,234

ACQUIRED_CUSTOMER_CONTRACTS_Ta

ACQUIRED CUSTOMER CONTRACTS (Tables)	3 Months Ended
	Mar. 31, 2015
Business Combinations [Abstract]
Schedule of Acquired Finite-Lived Intangible Assets by Major Class [Table Text Block]	Acquired customer contracts consisted of the following at March 31, 2015 and December 31, 2014.
		March 31,		December 31,
		2015		2014
	Cost	$	6,540	$	-
	Less accumulated amortization		-327		-
		$	6,213	$	-

COMMITMENTS_Tables

COMMITMENTS (Tables)	3 Months Ended
	Mar. 31, 2015
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 2015 and for the years ending December 31 thereafter are as follows:
	2015	$	409
	2016		511
	2017		496
	2018		496
	2019		406
	Thereafter		27
		$	2,345

INCOME_TAXES_Tables

INCOME TAXES (Tables)	3 Months Ended
	Mar. 31, 2015
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The provision for income taxes from operations consists of the following:
		For the Three Months Ended March 31,
		2015		2014
	Current	$	8	$	20
	Deferred		-		-
	Total	$	8	$	20

RELATED_PARTY_TRANSACTIONS_AND1

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	3 Months Ended
	Mar. 31, 2015
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 Ended March 31,
		2015		2014
	Operating costs	$	733	$	671
	Reimbursement for management and marketing services		450		454
		$	1,183	$	1,125
Revenue From Affiliate Companies [Member]
Related Party Transaction [Line Items]
Schedule of Related Party Transactions [Table Text Block]	The Partnership earned storage revenue from affiliated companies for the periods indicated of:
		For the Three Months Ended March 31,
		2015		2014
	Affiliate revenues	$	9,869	$	8,319
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:
		March 31, 2015		December 31, 2014
	Accounts receivable - affiliates	$	2,278	$	2,391
	Prepaid insurance – affiliates		991		93
	Due to affiliates		1,318		1,411
	Deferred revenue – short-term – affiliates		402		656
	Deferred revenue – long-term – affiliates		1,006		1,106

DEFERRED_REVENUE_Tables

DEFERRED REVENUE (Tables)	3 Months Ended
	Mar. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	The following table summarizes the Partnership’s deferred revenue activity:
		March 31, 2015		December 31, 2014
	Balance at January 1	$	1,762	$	1,911
	Additions				254
	Amortization		-100		-403
	Balance at period end	$	1,662	$	1,762
	Deferred revenue – short-term	$	254	$	-
	Deferred Revenue – short-term –affiliates	$	402		656
	Deferred revenue – long-term – affiliates	$	1,006	$	1,106

EQUITYBASED_COMPENSATION_Table

EQUITY-BASED COMPENSATION (Tables)	3 Months Ended
	Mar. 31, 2015
Equity [Abstract]
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity [Table Text Block]	The following table summarizes awards granted pursuant to the LTIP through March 31, 2015. There were no forfeitures through March 31, 2015.
			Restricted		Vested		Fair Value at
			Units Awarded		Units		Award Date
	September 24, 20131			90,000		16,665	$	20.21
	April 23, 20142			250,000		-	$	23.2
		1	Units awarded to directors of General Partner and Parent
		2	Units awarded to the chairman of General Partner

EARNINGS_PER_UNIT_AND_CASH_DIS2

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Common Units [Member]
Weighted Average Number of Shares Outstanding, Basic	18,375,507	16,575,507
Subordinate Unit [Member]
Weighted Average Number of Shares Outstanding, Basic	16,485,507	16,485,507

EARNINGS_PER_UNIT_AND_CASH_DIS3

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 1) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015		Mar. 31, 2014
Earning Per Share and Cash Distributions [Line Items]
Net income	$9,499		$8,869
Distributions payable on behalf of IDRs	0		0
Distributions payable on behalf of general partner interest	0		0
Net income	9,499		8,869
Weighted Average Limited Partnership Units	11,952,500
Common Stock [Member]
Earning Per Share and Cash Distributions [Line Items]
Net income	5,007		4,447
Distributions payable on behalf of IDRs	0		0
Distributions payable on behalf of general partner interest	0		0
Net income	5,007		4,447
Weighted Average Limited Partnership Units	6,423,007		6,423,007
Earnings per unit	$0.27		$0.27
Subordinate Unit [Member]
Earning Per Share and Cash Distributions [Line Items]
Net income	4,492		4,422
Distributions payable on behalf of IDRs	0		0
Distributions payable on behalf of general partner interest	0		0
Net income	$4,492		$4,422
Weighted Average Limited Partnership Units	16,485,507		16,485,507
Earnings per unit	$0.27		$0.27
IPO [Member] | Common Stock [Member]
Earning Per Share and Cash Distributions [Line Items]
Weighted Average Limited Partnership Units	11,952,500	[1]	10,152,500	[1]
[1]	At March 31, 2015, Apex Oil Company, Inc. (“Apex”) owns 1,550,000 of the total 11,952,500 common units – public.

EARNINGS_PER_UNIT_AND_CASH_DIS4

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 2)	3 Months Ended
	Mar. 31, 2015
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 $)	3 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014
Earning Per Share and Cash Distributions [Line Items]
Distribution Made to Limited Partner, Declaration Date	21-Apr-15	15-Jan-15	23-Oct-14	17-Jul-14	23-Apr-14
Distribution Made to Limited Partner, Cash Distributions Paid	$10,458	$10,458	$9,993	$9,993	$9,918
Distribution Made to Limited Partner, Distributions Paid, Per Unit	$0.30	$0.30	$0.30	$0.30	$0.30

EARNINGS_PER_UNIT_AND_CASH_DIS6

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015
Earning Per Share and Cash Distributions [Line Items]
Weighted Average Limited Partnership Units Outstanding, Basic	11,952,500
Distribution Made to Limited Partner, Distributions Declared, Per Unit	$0.35
First Target Distribution [Member]
Earning Per Share and Cash Distributions [Line Items]
Marginal Percentage Interest In Distribution To Unit Holders	100.00%
Marginal Percentage Interest In Distribution To Holder Of Idrs	0.00%
Distribution Made to Limited Partner, Distributions Declared, Per Unit	$0.35
Second Target Distribution [Member]
Earning Per Share and Cash Distributions [Line Items]
Marginal Percentage Interest In Distribution To Unit Holders	85.00%
Marginal Percentage Interest In Distribution To Holder Of Idrs	15.00%
Distribution Made to Limited Partner, Distributions Declared, Per Unit	$0.38
Third Target Distribution [Member]
Earning Per Share and Cash Distributions [Line Items]
Marginal Percentage Interest In Distribution To Unit Holders	75.00%
Marginal Percentage Interest In Distribution To Holder Of Idrs	25.00%
Distribution Made to Limited Partner, Distributions Declared, Per Unit	$0.45
Thereafter [Member]
Earning Per Share and Cash Distributions [Line Items]
Marginal Percentage Interest In Distribution To Unit Holders	50.00%
Marginal Percentage Interest In Distribution To Holder Of Idrs	50.00%
Apex Oil Company, Inc [Member]
Earning Per Share and Cash Distributions [Line Items]
Weighted Average Limited Partnership Units Outstanding, Basic	1,550,000

FINANCIAL_INSTRUMENTS_Details_

FINANCIAL INSTRUMENTS (Details Textual)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Customer One [Member]
Financial Instruments [Line Items]
Concentration Risk, Percentage	39.00%	37.00%
Customer Two [Member]
Financial Instruments [Line Items]
Concentration Risk, Percentage	10.00%	10.00%

FAIR_VALUE_MEASUREMENTS_Detail

FAIR VALUE MEASUREMENTS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	$5,738	$5,527
Total assets at fair value	21,135	23,956
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	5,738	5,527
Total assets at fair value	21,135	23,956
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0
Total assets at fair value	0	0
Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0
Total assets at fair value	0	0
Trust preferred stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	335	330
Trust preferred stocks [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	335	330
Trust preferred stocks [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Trust preferred stocks [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Exchange traded debt securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	518	375
Exchange traded debt securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	518	375
Exchange traded debt securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	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]
Total short-term investments	0	0
Preferred stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	4,885	4,822
Preferred stocks [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	4,885	4,822
Preferred stocks [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Preferred stocks [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	0	0
Cash and cash equivalents [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	15,397	18,429
Cash and cash equivalents [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	15,397	18,429
Cash and cash equivalents [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	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]
Cash and Cash Equivalents, Fair Value Disclosure	$0	$0

ALLOWANCE_FOR_DOUBTFUL_RECEIVA2

ALLOWANCE FOR DOUBTFUL RECEIVABLES (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Allowance For Doubtful Receivables [Line Items]
Allowance for doubtful receivable beginning value	$8	$95
Subtractions recorded as income	-3	-87
Allowance for doubtful receivable ending value	$5	$8

PROPERTY_PLANT_AND_EQUIPMENT_D

PROPERTY, PLANT AND EQUIPMENT (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Property, Plant and Equipment [Line Items]
Cost	$297,365	$272,286
Accumulated Depreciation	134,961	129,114
Net Book Value	162,404	143,172
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	32,200	30,186
Accumulated Depreciation	0	0
Net Book Value	32,200	30,186
Tanks and appenditures [Member]
Property, Plant and Equipment [Line Items]
Cost	217,489	200,516
Accumulated Depreciation	119,592	114,860
Net Book Value	97,897	85,656
Docks and jetties [Member]
Property, Plant and Equipment [Line Items]
Cost	17,826	17,767
Accumulated Depreciation	5,368	4,947
Net Book Value	12,458	12,820
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	9,890	9,779
Accumulated Depreciation	5,863	5,427
Net Book Value	4,027	4,352
Buildings [Member]
Property, Plant and Equipment [Line Items]
Cost	2,423	2,312
Accumulated Depreciation	806	777
Net Book Value	1,617	1,535
Other [Member]
Property, Plant and Equipment [Line Items]
Cost	9,995	8,756
Accumulated Depreciation	3,332	3,103
Net Book Value	6,663	5,653
Assets under construction [Member]
Property, Plant and Equipment [Line Items]
Cost	7,542	2,970
Accumulated Depreciation	0	0
Net Book Value	$7,542	$2,970

TERMINAL_ACQUISITIONS_Details

TERMINAL ACQUISITIONS (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Property, plant and equipment	$18,951
Goodwill	5,695
Acquired customer contracts	6,540
Total consideration	31,186
Closing costs	48
Total terminal cost	$31,234

TERMINAL_ACQUISITIONS_Details_

TERMINAL ACQUISITIONS (Details Textual) (USD $)	3 Months Ended
	Mar. 31, 2015	Jun. 30, 2014
	bbl	bbl
Storage capacity of terminals (In Actuals)		1,826,000
Business Acquisition, Transaction Costs	$48,000
Chickasaw terminal [Member]
Storage capacity of terminals (In Actuals)		644,000
Property, Plant, and Equipment, Fair Value Disclosure		6,553,000
Blakeley Island terminal [Member]
Storage capacity of terminals (In Actuals)		1,182,000
Property, Plant, and Equipment, Fair Value Disclosure		7,191,000
North Carolina [Member]
Storage capacity of terminals (In Actuals)	684,000
Stock Issued During Period, Shares, Acquisitions	1,550,000
Business Combination, Consideration Transferred	31,186
Business Acquisition, Transaction Costs	$48

ACQUIRED_CUSTOMER_CONTRACTS_De

ACQUIRED CUSTOMER CONTRACTS (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired customer contracts, Total	$6,213	$0
Customer Contracts [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	6,540	0
Less accumulated amortization	-327	0
Acquired customer contracts, Total	$6,213	$0

ACQUIRED_CUSTOMER_CONTRACTS_De1

ACQUIRED CUSTOMER CONTRACTS (Details Textual) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$6,540

COMMITMENTS_Details

COMMITMENTS (Details) (USD $)	Mar. 31, 2015
In Thousands, unless otherwise specified
Commitments [Line Items]
2015	$409
2016	511
2017	496
2018	496
2019	406
Thereafter	27
Operating Leases, Future Minimum Payments Due, Total	$2,345

COMMITMENTS_Details_Textual

COMMITMENTS (Details Textual) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Commitments [Line Items]
Operating Leases, Rent Expense	$273	$272
Lease Expiration Term	expire from March 31, 2016 through February1, 2061

DEBT_Details_Textual

DEBT (Details Textual) (USD $)	0 Months Ended	3 Months Ended
In Thousands, unless otherwise specified	Aug. 14, 2013	Mar. 31, 2015	Mar. 31, 2014
Debt Instrument [Line Items]
Financing Interest Expense		$196	$204
Bank of Tokyo-Mitsubishi UFJ, Ltd [Member]
Debt Instrument [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	200,000
Letters of Credit Outstanding, Amount	20,000
Line of Credit Facility, Collateral Fees, Amount	910
Financing Interest Expense		150	150
Line Of Credit Facility Increase In Commitment Maximum Limit	100,000
Debt Instrument, Future Estimated Minimum Loan Commitment Fees		2,052	2,202
Bank of Tokyo-Mitsubishi UFJ, Ltd [Member] | Swing Line Loans [Member]
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount	$20,000

ASSET_RETIREMENT_OBLIGATIONS_D

ASSET RETIREMENT OBLIGATIONS (Details Textual) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Asset Retirement Obligations [Line Items]
Other Liabilities, Noncurrent	631	$622
Credit Derivative, Maximum Exposure, Undiscounted	10,135
Maximum [Member]
Asset Retirement Obligations [Line Items]
Lease Expiration Date	1-Feb-61
Minimum [Member]
Asset Retirement Obligations [Line Items]
Lease Expiration Date	13-Jul-34

EMPLOYEE_BENEFIT_PLANS_Details

EMPLOYEE BENEFIT PLANS (Details Textual) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized	$57	$32

INCOME_TAXES_Details

INCOME TAXES (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Income Tax Disclosure [Line Items]
Current	$8	$20
Deferred	0	0
Total	$8	$20

RELATED_PARTY_TRANSACTIONS_AND2

RELATED PARTY TRANSACTIONS AND BALANCES (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Related Party Transaction [Line Items]
Operating costs	$733	$671
Reimbursement for management and marketing services	450	454
Total Charges For Related Party Services	$1,183	$1,125

RELATED_PARTY_TRANSACTIONS_AND3

RELATED PARTY TRANSACTIONS AND BALANCES (Details 1) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014
Related Party Transaction [Line Items]
Affiliate revenues	$9,869	$8,319

RELATED_PARTY_TRANSACTIONS_AND4

RELATED PARTY TRANSACTIONS AND BALANCES (Details 2) (USD $)	Mar. 31, 2015	Dec. 31, 2014
In Thousands, unless otherwise specified
Accounts receivable - affiliates	$2,278	$2,391
Prepaid insurance - affiliates	991	93
Due to affiliates	1,318	1,411
Deferred revenue - short-term - affiliates	402	656
Deferred revenue - long-term - affiliates	$1,006	$1,106

DEFERRED_REVENUE_Details

DEFERRED REVENUE (Details) (USD $)	3 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2015	Dec. 31, 2014
Deferred Revenue [Line Items]
Balance at January 1	$1,762	$1,911
Additions	0	254
Amortization	-100	-403
Balance at December 31	1,662	1,762
Deferred revenue - short-term	254	0
Deferred revenue - short-term - affiliates	402	656
Deferred revenue - long-term - affiliates	$1,006	$1,106

EQUITYBASED_COMPENSATION_Detai

EQUITY-BASED COMPENSATION (Details) (USD $)	3 Months Ended
	Mar. 31, 2015
September 24, 2013 [Memeber]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Units Awarded	90,000	[1]
Vested Units	16,665	[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 the chairman of General Partner

EQUITYBASED_COMPENSATION_Detai1

EQUITY-BASED COMPENSATION (Details Textual) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2015	Mar. 31, 2014	Dec. 31, 2014
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
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	340,000
Stock or Unit Option Plan Expense	$635	$152
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total			$5,523
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (Subsequent Event [Member], USD $)	3 Months Ended
	Mar. 31, 2015
Subsequent Event [Member]
Cash Distribution Declared to Unit Holders	$0.30