World Point Terminals 10-K 29 Mar 16 2015 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2015	Mar. 25, 2016	Jun. 30, 2015
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	FY
Entity Registrant Name	World Point Terminals, LP
Entity Central Index Key	1,574,963
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Public Float			$ 158
Trading Symbol	WPT
Entity Common Stock, Shares Outstanding		18,375,507

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Current Assets
Cash and cash equivalents	$ 12,186	$ 18,429
Accounts receivable, net of allowances of $25 and $8, respectively	2,603	2,250
Accounts receivable - affiliates	810	2,391
Short-term investments	3,857	5,527
Prepaid insurance	161	197
Prepaid insurance — affiliates	110	93
Income tax receivable	54	0
Other current assets	553	416
Total current assets	20,334	29,303
Property, plant and equipment, net	171,488	143,172
Goodwill	559	377
Acquired customer contracts, net	4,560	0
Investment in joint venture	8,961	8,125
Other assets	521	798
Total Assets	206,423	181,775
Current Liabilities
Accounts payable	4,274	6,765
Accrued liabilities	1,195	1,088
Due to affiliate companies	1,431	1,411
Deferred revenue - short-term - affiliates	802	656
Income taxes payable	102	109
Total current liabilities	7,804	10,029
Deferred revenue - long-term	254	0
Deferred revenue - long-term - affiliates	2,071	1,106
Other noncurrent liabilities	1,253	622
Total liabilities	$ 11,382	$ 11,757
Commitments and contingencies (Notes 8 and 16)
Partners' Equity
Common units (18,375,507 and 16,825,507 units issued and outstanding at December 31, 2015 and December 31, 2014 respectively)	$ 139,380	$ 110,241
Subordinated units (16,485,507 units issued and outstanding at December 31, 2015 and December 31, 2014)	55,661	59,777
General partner interest (0% interest)	0	0
Total partners' equity	195,041	170,018
Total Liabilities and Partners' Equity	$ 206,423	$ 181,775

Consolidated Balance Sheets _Pa

Consolidated Balance Sheets [Parenthetical] - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts receivable, net of allowances	$ 25	$ 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

Consolidated Statements of Inco

Consolidated Statements of Income and Comprehensive Income - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
REVENUES
Third parties		$ 59,082	$ 56,675	$ 55,186
Affiliates		37,044	33,488	28,634
Revenues, Total		96,126	90,163	83,820
OPERATING COSTS, EXPENSES AND OTHER
Operating expenses		26,074	26,592	23,363
Operating expenses reimbursed to affiliates		5,177	3,015	4,449
Selling, general and administrative expenses		4,216	5,247	3,883
Selling, general and administrative expenses reimbursed to affiliates		2,053	1,958	2,194
Depreciation and amortization		25,733	20,441	18,222
Income from joint venture		(836)	(485)	(198)
Loss (gain) on disposition of assets, net		(5)	181	0
Total operating costs, expenses and other		62,412	56,949	51,913
INCOME FROM OPERATIONS		33,714	33,214	31,907
OTHER INCOME/(EXPENSE)
Interest expense		(828)	(849)	(443)
Interest and dividend income		288	230	183
Gain on investments and other-net		103	47	142
Income before income taxes		33,277	32,642	31,789
Provision (Benefit) for income taxes		148	124	(573)
NET INCOME		33,129	32,518	32,362
NET INCOME ATTRIBUTABLE TO NONCONTROLLING INTEREST		0	0	(543)
NET INCOME ATTRIBUTABLE TO UNITHOLDERS OR SHAREHOLDER		33,129	32,518	31,819
Less Predecessor net income prior to August 14, 2013		0	0	17,921
Net income from August 14, 2013 to December 31, 2013 attributable to unitholders		$ 0	$ 0	$ 13,898
BASIC AND DILUTED EARNINGS PER UNIT ATTRIBUTABLE TO UNITHOLDERS
Common (in dollars per share)	[1]	$ 0.95	$ 0.98	$ 0.42
Subordinated (in dollars per share)	[1]	$ 0.95	$ 0.98	$ 0.42
WEIGHTED AVERAGE NUMBER OF UNITS OUTSTANDING
Common (in shares)		18,375,507	16,748,795	16,546,955
Subordinated (in shares)		16,485,507	16,485,507	16,485,507
[1]	The basic and diluted earnings per unit for the year ended December 31, 2013 represents earnings for the portion of the year from the date the IPO closed on August 14, 2013 through December 31, 2013.

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Cash flows provided by operating activities
Net income	$ 33,129	$ 32,518	$ 32,362
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	25,733	20,441	18,222
Amortization of deferred financing costs	184	203	39
(Benefit) for deferred income taxes	0	0	(1,088)
(Gain)/loss on disposal of fixed assets	(5)	181	(13)
Gain on derivative instrument	0	0	(85)
(Gain)/loss on marketable securities	(74)	6	(14)
Equity based compensation	2,544	1,933	163
Income from joint venture	(836)	(485)	(198)
Changes in operating assets and liabilities:
Accounts receivable	(353)	520	392
Prepaid insurance	19	1,054	(483)
Other current assets and other assets	(44)	(74)	233
Accounts payable	(3,364)	2,212	639
Accrued liabilities	103	625	40
Deferred revenue	1,365	(149)	1,911
Income taxes receivable	(54)	39	160
Income taxes payable	(7)	0	70
Due to affiliated companies	1,601	(1,513)	(2,370)
Other noncurrent liabilities	631	34	34
Net cash provided by operating activities	60,572	57,545	50,014
Cash flows from investing activities
Purchase of short-term investments	(129)	(6,640)	(1,009)
Proceeds from the sale of short-term investments	1,873	1,107	898
Proceeds from the sale of fixed assets	6	6	17
Acquisition of business	0	(6,553)	0
Capital expenditures	(26,733)	(18,344)	(37,619)
Net cash used in investing activities	(24,983)	(30,424)	(37,713)
Cash flows from financing activities
Payments on long term debt	0	0	(9,001)
Prepaid loan fees	0	0	(910)
Proceeds from advances with affiliate	0	0	12,500
Payments on advances with affiliate	0	0	(14,082)
Proceeds from issuance of capital, net	0	0	64,605
Pre-IPO dividends paid	0	0	(8,937)
Distributions to unitholders / shareholder	(41,832)	(39,899)	(33,162)
Net cash provided by/(used in) financing activities	(41,832)	(39,899)	11,013
Net change in cash and cash equivalents	(6,243)	(12,778)	23,314
Cash and cash equivalents at beginning of year	18,429	31,207	7,893
Cash and cash equivalents at end of year	12,186	18,429	31,207
Cash paid for interest	608	765	248
Cash paid for income taxes	244	116	625
Noncash investing transactions-property and equipment additions included in accounts payable	1,173	300	520
Noncash financing transactions-Pre-IPO dividend of investments	0	0	3,194
Noncash financing transactions-Noncash distributions to unitholders	0	0	15,404
Noncash financing transactions-contribution to partners' equity	0	1,644	0
Noncash financing transactions-issuance of units for acquisition of terminal business	$ 31,186	$ 0	$ 0

Consolidated Statement of Partn

Consolidated Statement of Partners' Equity - USD ($) $ in Thousands	Total	Noncontrolling Interest [Member]	Limited Partner Common Units [Member]	Limited Partner Subordinated Units [Member]	General Partner [Member]
BALANCE (Predecessor [Member]) at Dec. 31, 2012	$ 107,756	$ 10,674
BALANCE at Dec. 31, 2012			$ 0	$ 0	$ 0
Contribution of limited partner interest | Predecessor [Member]	0	0
Contribution of limited partner interest			1	0	0
Net income | Predecessor [Member]	17,921	543
Net income			0	0	0
Redemption of limited partner interest | Predecessor [Member]	0	0
Redemption of limited partner interest			(1)	0	0
Distributions | Predecessor [Member]	(10,408)	(1,723)
Distributions			0	0	0
BALANCE (Predecessor [Member]) at Aug. 14, 2013	115,269	9,494
BALANCE at Aug. 14, 2013			0	0	0
BALANCE (Predecessor [Member]) at Dec. 31, 2012	107,756	10,674
BALANCE at Dec. 31, 2012			0	0	0
Net income	32,362
BALANCE (Predecessor [Member]) at Dec. 31, 2013	0	0
BALANCE at Dec. 31, 2013			106,615	57,289	0
BALANCE (Predecessor [Member]) at Aug. 14, 2013	115,269	9,494
BALANCE at Aug. 14, 2013			0	0	0
Predecessor net assets and liabilities not assumed by the partnership | Predecessor [Member]	9,545	0
Predecessor net assets and liabilities not assumed by the partnership			0	0	0
Contribution of Predecessor net assets in exchange for units | Predecessor [Member]	(80,388)	0
Contribution of Predecessor net assets in exchange for units			22,509	57,879	0
Contribution of 49% of Newark terminal | Predecessor [Member]	0	(9,494)
Contribution of 49% of Newark terminal			12,500	0	0
Contribution of 32% of Cenex joint venture | Predecessor [Member]	0	0
Contribution of 32% of Cenex joint venture			7,442	0	0
Proceeds from the IPO, net of costs | Predecessor [Member]	0	0
Proceeds from the IPO, net of costs			64,605	0	0
Equity based compensation expense | Predecessor [Member]	0	0
Equity based compensation expense			163	0	0
Net income | Predecessor [Member]	0	0
Net income			6,962	6,936	0
Distributions | Predecessor [Member]	(44,426)	0
Distributions			(7,566)	(7,526)	0
BALANCE (Predecessor [Member]) at Dec. 31, 2013	0	0
BALANCE at Dec. 31, 2013			106,615	57,289	0
Equity based compensation expense | Predecessor [Member]	0	0
Equity based compensation expense			1,933	0	0
Net income | Predecessor [Member]	0	0
Net income	32,518		16,375	16,143	0
Distributions | Predecessor [Member]	0	0
Distributions			(15,143)	(14,838)	0
Contribution to partners’ equity | Predecessor [Member]	0	0
Contribution to partners’ equity			461	1,183	0
BALANCE (Predecessor [Member]) at Dec. 31, 2014	0	0
BALANCE at Dec. 31, 2014			110,241	59,777	0
Equity based compensation expense | Predecessor [Member]	0	0
Equity based compensation expense			2,540	0	0
Net income | Predecessor [Member]	0	0
Net income	33,129		17,463	15,666	0
Distributions | Predecessor [Member]	0	0
Distributions			(22,050)	(19,782)	0
Issuance of units for acquisition of terminal assets | Predecessor [Member]	0	0
Issuance of units for acquisition of terminal assets			31,186	0	0
BALANCE (Predecessor [Member]) at Dec. 31, 2015	$ 0	$ 0
BALANCE at Dec. 31, 2015			$ 139,380	$ 55,661	$ 0

Consolidated Statement of Part7

Consolidated Statement of Partners' Equity [Parenthetical] - $ / shares	5 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014
Distribution Made to Limited Liability Company (LLC) Member, Distributions Paid, Per Unit	$ 0.4565	$ 1.20	$ 1.20
Cenex joint venture [Member]
Contribution	32.00%
Newark Terminal [Member]
Contribution	49.00%

NATURE OF BUSINESS

NATURE OF BUSINESS	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Business Description and Basis of Presentation [Text Block]	1) NATURE OF BUSINESS 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 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. On August 14, 2013, the Partnership completed its initial public offering (the “IPO”) of 8,750,000 1,312,500 20.00

INITIAL PUBLIC OFFERING

INITIAL PUBLIC OFFERING	12 Months Ended
	Dec. 31, 2015
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 20.00 1,312,500 20.00 Contribution Agreement In connection with the closing of the IPO, 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: ⋅ Our Parent and CPT 2010 contributed their interests in our operating subsidiaries in exchange for 6,423,007 16,485,507 14,100 ⋅ the General Partner maintained its 0.0 ⋅ the Partnership issued to our parent, Apex Oil Company, Inc. (“Apex”) and PAN Group, L.L.C., 20 20 60 The net proceeds from the IPO, including the underwriters’ option to purchase additional Common Units, of approximately $ 97,100 4,400 8,100 14,100 4,300 1,312,500 24,600 29,900 12,000 1,700 We incurred expenses related directly to the IPO of $ 3,606 903 Revolving Credit Facility On August 14, 2013, in connection with the closing of the IPO, Center Point entered into a $ 200,000 Terminaling Services Agreements In connection with the IPO, Center Point entered into a terminaling services agreement with Apex (the “Apex Terminaling Services Agreement”) and Enjet, LLC (“Enjet”) (the “Enjet Terminaling Services Agreement” and together with the Apex Terminaling Service Agreement, the “Terminaling Services Agreements”), pursuant to which Apex and Enjet agreed to store petroleum products at two of the Partnership’s terminals. Omnibus Agreement In connection with the IPO, 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 IPO and for environmental liabilities related to our assets to the extent our parent and CPT 2010 is not required to indemnify it.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	3) SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES —The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. —The consolidated financial statements include the accounts of the Partnership and its subsidiaries. The Partnership consolidates all majority-owned and controlled subsidiaries in which it is able to exercise significant influence. All intercompany transactions have been eliminated. The Partnership’s financial statements utilize the consolidation method of accounting for the Newark terminal, which was owned by a joint venture in part of 2013. As such, 100% of the Newark terminal’s assets, liabilities and results of operations have been included in the Partnership’s statements. Effective August 14, 2013, the Partnership acquired 100 49 32 —Cash equivalents consist of highly liquid investments with maturities of three months or less when purchased and are carried at cost, which approximates market. —At December 31, 2015 and 2014, the Partnership had investments in certain exchange traded debt securities, preferred stocks and trust preferred stocks. The Partnership classified these instruments as current assets in the accompanying consolidated balance sheets as the Partnership anticipated these securities being sold within the next year. The Partnership designated these securities as trading, accordingly they were recorded at fair value, with the unrealized gains or losses reported as a component of other income. —Our Parent and certain of its subsidiaries have elected to be treated as a Subchapter S Corporation under the Internal Revenue Code of 1986, as amended. Under this election, the Partnership’s taxable income flows through to the shareholders of our Parent who are responsible for the federal and most state taxes due on the taxable income. The Partnership has adopted the updated provisions of Accounting Standards Codification (“ASC”) Topic 740, Income Taxes. —We periodically evaluate whether events or circumstances have occurred that indicate the estimated remaining useful life of long-lived assets, including property and equipment and acquired customer contracts, may warrant revision or that the carrying value of these assets may be impaired. We evaluate the potential impairment of long-lived assets based on undiscounted cash flow expectations for the related asset relative to its carrying value. These future estimates are based on historical results, adjusted to reflect our best estimates of future market and operating conditions. Actual results may vary materially from our estimates, and accordingly may cause a full impairment of the long-lived assets. If a long-lived asset is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset exceeds its fair value, calculated using a discounted future cash flows analysis. There were no impairments recorded for the years ended December 31, 2015, 2014 and 2013. 5 14 5 10 10 2 10 Buildings are recorded at cost and are depreciated on a straight-line basis over their estimated useful lives, which generally range from 20 50 Leases Goodwill —Goodwill represents the excess of the purchase price over the fair value of net assets of acquired businesses. Goodwill is not amortized and is tested for impairment annually based on a quantitative analysis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. When the carrying amount of a reporting unit’s goodwill exceeds the estimated fair value of the goodwill, an impairment loss is recognized in the statements of income and comprehensive income in an amount equal to the excess. As of December 31, 2015, and 2014, the fair value of the reporting unit exceeded the carrying value. —Derivative instruments may be utilized by the Partnership to manage interest rate exposure. The Partnership may choose to designate derivative instruments as hedges. All derivative instruments are recorded on the balance sheets at fair value. Derivatives not qualifying for hedge accounting are classified as held for trading financial instruments. Gains and losses on these instruments are recorded in interest expense in the consolidated statements of income and comprehensive income, in the periods they occur. Derivatives that have been designated and qualify for hedge accounting are classified as either fair value or cash flow hedges. The Partnership had one derivative instrument in 2013, an interest rate swap, and elected to not use hedge accounting. —The Partnership’s principal source of revenues is through providing oil storage services at its storage facilities. Typically, the Partnership enters into term contracts with customers with pricing terms based on the volume of product stored or based on the activity conducted at the storage facilities by the customers. Additional revenues are derived from ancillary services performed for the Partnership’s customers, such as the heating and blending of customer product. The Partnership recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price to the buyer is fixed or determinable and collectability is reasonably ensured. Revenues from monthly storage fees are recognized on a straight-line basis over the period in which storage services are provided. Fees from heating charges and other services are recognized monthly based on the amount of heat or other services provided by the Partnership. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers — The Partnership may enter into arrangements with customers to construct terminal assets on the Partnership’s property. Such arrangements establish the pricing and require the customer to prepay for a portion of the future services. The Partnership records the prepayments as deferred revenue. —Three of the Partnership’s storage terminals are located on leased land and the landowners have the option of requiring the Partnership to remove its terminal assets from the land at the expiration of the lease. The Partnership follows ASC Topic 410, Asset Retirement and Environmental Obligations For purposes of maintaining capital accounts, items of income and loss of the Partnership are allocated among the partners each year, or portion thereof, in accordance with the partnership agreement. Generally, net income for each period is allocated among the limited partners based on their respective ownership interests after deducting any priority allocations in the form of cash distributions paid to the holders of the IDRs. As the general partner has no economic interest in the Partnership, it is not allocated any income or loss. Compensation expense related to unit-based awards made to employees, directors, and consultants is valued at the grant date as the closing market price of the units and amortized on a straight line basis over the vesting period. —The Partnership does not have any other comprehensive income. Therefore, other comprehensive income equals net income attributable to the Partnership unitholders. —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.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2015
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 unitholder 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 substantially ensuring that these financial assets are held at high quality financial institutions. Accounts receivable consists primarily of trade accounts receivable from storage related revenues. The 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 38 37 34 11 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 income and comprehensive income. 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 income and comprehensive income. 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 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	12 Months Ended
	Dec. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	5) FAIR VALUE MEASUREMENTS The Partnership follows ASC Topic 820, Fair Value Measurements and Disclosures 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. 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. December 31, 2015 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 12,186 $ - $ - $ 12,186 Short-term investments Exchange traded debt securities 517 517 Preferred stocks 3,340 3,340 Total short-term investments $ 3,857 $ - $ - $ 3,857 Total assets at fair value $ 16,043 $ 16,043 Long-term incentive plan liability $ - $ 4 $ - $ 4 December 31, 2014 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 18,429 $ 18,429 Short-term investments Exchange traded debt securities 375 375 Preferred stocks 4,822 4,822 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. Long-Term Incentive Plan Liability – The long-term incentive plan liability is the estimated value of unit appreciation rights granted to our employees, as calculated by the Black-Scholes model. The liability is valued using significant assumptions that are observable in the market including an expected risk-free rate, distribution yield, volatility rate, and life to maturity. The liability is classified as Level 2.

ALLOWANCE FOR DOUBTFUL RECEIVAB

ALLOWANCE FOR DOUBTFUL RECEIVABLES	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Allowance For Doubtful Accounts Receivable Disclosure [Text Block]	6) ALLOWANCE FOR DOUBTFUL RECEIVABLES For the Years Ended December 31, 2015 2014 2013 Allowance for doubtful receivable at January 1 $ 8 $ 95 $ 37 Additions charged to expense 28 - 58 Subtractions recorded as income (11) (87) - Balance at December 31 $ 25 $ 8 $ 95

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	7) PROPERTY, PLANT AND EQUIPMENT Accumulated Net Book December 31, 2015 Cost Depreciation Value Land $ 32,564 $ - $ 32,564 Tanks and appenditures 241,985 135,031 106,954 Docks and jetties 17,937 6,634 11,303 Machinery and equipment 10,081 7,026 3,055 Buildings 2,628 897 1,731 Other 11,153 4,117 7,036 Assets under construction 8,845 - 8,845 $ 325,193 $ 153,705 $ 171,488 Accumulated Net Book December 31, 2014 Cost Depreciation 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

GOODWILL

GOODWILL	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill Disclosure [Text Block]	8) GOODWILL December 31, December 31, 2015 2014 Goodwill at January 1 $ 377 $ 377 Additions to goodwill 182 - Goodwill, gross 559 377 Accumulated impairment losses - - Total goodwill, net $ 559 $ 377 In accordance with GAAP, goodwill is not amortized and is tested for impairment annually based on a quantitative analysis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. When the carrying amount of a reporting unit’s goodwill exceeds the estimated fair value of the goodwill, an impairment loss is recognized in the statements of income and comprehensive income in an amount equal to the excess. As of December 31, 2015, and 2014, the fair value of the reporting unit exceeded the carrying value.

COMMITMENTS

COMMITMENTS	12 Months Ended
	Dec. 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 $ 1,208 1,314 986 2016 $ 602 2017 577 2018 569 2019 479 2020 44 Thereafter 5 $ 2,276

DEBT

DEBT	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	10) DEBT On August 14, 2013, in connection with the closing of the IPO, Center Point entered into a $ 200,000 20,000 20,000 100,000 Center Point incurred costs of $ 910 608 608 231 For the Years Ended December 31, 2015 2014 2013 $ 793 $ 811 $ 374

ASSET RETIREMENT OBLIGATIONS

ASSET RETIREMENT OBLIGATIONS	12 Months Ended
	Dec. 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 $ 658 622 10,135 July 13, 2034

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	12) SEGMENT REPORTING The Partnership derives revenues from operating its eighteen liquid bulk storage and terminal facilities. The eighteen 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	12 Months Ended
	Dec. 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 $ 239 178 207

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	14) 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, the Partnership continued to be treated as a C Corporation and pay corporate taxes in some state and local jurisdictions through June 29, 2013. Effective June 30, 2013, as a result of the Partnership 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. For the Years Ended December 31, 2015 2014 2013 Current $ 148 $ 124 $ 515 Deferred - - (1,088) Total $ 148 $ 124 $ (573) Through June 29, 2013, deferred state income taxes were recognized for future tax consequences of temporary differences between the consolidated financial statements carrying amounts and tax bases of assets and liabilities. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities are primarily related to depreciation of fixed assets. 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 2012. As of December 31, 2015 and 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	12 Months Ended
	Dec. 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. For the Years Ended December 31, 2015 2014 2013 Operating costs $ 5,177 $ 3,015 $ 4,449 Reimbursement for management and marketing services 2,053 1,958 2,194 Reimbursement for supplies and equipment 53 156 - $ 7,283 $ 5,129 $ 6,643 For the Years Ended December 31, 2015 2014 2013 Affiliate revenues $ 37,044 $ 33,488 $ 28,634 December 31, December 31, 2015 2014 Accounts receivable – affiliates $ 810 $ 2,391 Prepaid insurance – affiliates 110 93 Due to affiliates 1,431 1,411 Deferred revenue – short-term-affiliates 802 656 Deferred revenue- long-term-affiliates 2,071 1,106 The December 31, 2014 Accounts receivable – affiliates balance includes $ 1,644

DEFERRED REVENUE

DEFERRED REVENUE	12 Months Ended
	Dec. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue Disclosure [Text Block]	16) DEFERRED REVENUE The Partnership has entered into arrangements with Apex to provide certain terminaling services at the Partnership’s facilities. The arrangements establish the pricing and require Apex to prepay for a portion of the future services. The Partnership has recorded the prepayments as deferred revenue - affiliate. The non-affiliate deferred revenue balance is related to storage service fees received in advance from a terminal customer. December 31, December 31, 2015 2014 Balance at January 1 $ 1,762 $ 1,911 Additions 2,001 254 Amortization (636) (403) Balance at December 31 $ 3,127 $ 1,762 Deferred revenue – short term - affiliate $ 802 $ 656 Deferred revenue – long term $ 254 - Deferred revenue – long term - affiliate $ 2,071 $ 1,106

CONTINGENCIES

CONTINGENCIES	12 Months Ended
	Dec. 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. We are not a party to any material pending legal proceedings and are not aware of any claims that, either individually or in the aggregate, could have a material adverse effect on the results of operations, cash flows or financial condition of the Partnership. In management’s opinion, there are no claims that are probable and reasonably estimated and accordingly, the Partnership has not accrued for any loss contingencies in 2015, 2014 and 2013.

EQUITY-BASED COMPENSATION

EQUITY-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2015
Equity [Abstract]
Shareholders Equity and Share-based Payments [Text Block]	18) 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 3,000,000 340,000 25,000 The restricted units vest over three years subject to customary forfeiture provisions. Participants have the option to elect to have one-third of the units vest on each of the first three anniversaries of the award or to have all of the units vest after three years. Restricted units are included in the number of common units outstanding as presented in our Consolidated Balance Sheets and are entitled to cash distributions, which are nonforfeitable, on the same basis as the Common Units. For the years ended December 31, 2015, 2014 and 2013, we recorded non-cash compensation expense relating to the restricted units of approximately $ 2,540 1,933 163 The UARs vest over five years subject to customary forfeiture provisions, and are not included in the number of common units outstanding as presented in our Consolidated Balance Sheets or entitled to cash distributions. Non-cash compensation expense related to the UARs has been estimated using the Black Scholes model. Because the UARs may be settled in cash or units at the option of the participant, they have been recorded utilizing the liability method. For the year ended December 31, 2015, we recorded non-cash compensation expense relating to the UARs of approximately $ 4 Restricted Vested Fair Value at UARs Awarded Units Awarded Units Award Date September 24, 2013 1 - 90,000 33,330 $ 20.21 April 23, 2014 2 - 250,000 - $ 23.20 July 6, 2015 3 25,000 - - $ 16.95 1 2 3 As of December 31, 2015 and 2014, the Partnership had unrecognized compensation expense of $ 3,642 5,523

EARNINGS PER UNIT AND CASH DIST

EARNINGS PER UNIT AND CASH DISTRIBUTIONS	12 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	19) EARNINGS PER UNIT AND CASH DISTRIBUTIONS Earnings Per Unit 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. For the year ended December 31, 2015 the weighted-average number of Common and Subordinated units outstanding was 18,375,507 16,485,507 For the Years Ended December 31, 2015 2014 2013 (1) Common Units 18,375,507 16,748,795 16,546,955 Subordinated Units 16,485,507 16,485,507 16,485,507 (1) 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. Year Ended December 31, 2015 Common Subordinated Total Net income for the year ended December 31, 2015 attributable to unitholders $ 17,463 $ 15,666 $ 33,129 Less: Distributions payable on behalf of IDRs - - - Distributions payable on behalf of general partner interest - - - Net income attributable to unitholders $ 17,463 $ 15,666 $ 33,129 Weighted average limited partner units outstanding: Common Units – Public 11,952,500 Common Units – World Point 6,423,007 Subordinated Units – World Point 16,485,507 Earnings per unit $ 0.95 $ 0.95 Year Ended December 31, 2014 Common Subordinated Total Net income for the year ended December 31, 2014 attributable to unitholders $ 16,375 $ 16,143 $ 32,518 Less: Distributions payable on behalf of IDRs - - - Distributions payable on behalf of general partner interest - - - Net income attributable to unitholders $ 16,375 $ 16,143 $ 32,518 Weighted average limited partner units outstanding: Common Units – Public 10,325,788 Common Units – World Point 6,423,007 Subordinated Units – World Point 16,485,507 Earnings per unit $ 0.98 $ 0.98 Period Ended December 31, 2013 Common Subordinated Total Net income from August 14, 2013 to December 31, 2013 attributable to unitholders $ 6,962 $ 6,936 $ 13,898 Less: Distributions payable on behalf of IDRs - - - Distributions payable on behalf of general partner interest - - - Net income attributable to unitholders $ 6,962 $ 6,936 $ 13,898 Weighted average limited partner units outstanding: Common Units – Public 10,123,948 Common Units – World Point 6,423,007 Subordinated Units – World Point 16,485,507 Earnings per unit (1) $ 0.42 $ 0.42 (1) The basic and diluted earnings per unit for the year ended December 31, 2013 represents earnings for the portion of the year from the date the IPO closed on August 14, 2013 through December 31, 2013. 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 · second, 85.0 % to all unitholders, pro rata, and 15.0 0.375 ; · third, 75.0 25.0 0.45 · thereafter, 50.0 50.0 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. 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 Date Period Declared Amount Per Unit August 14, 2013 through September 30, 2013 September 24, 2013 $ 5,174 $ 0.1565 October 1, 2013 through December 31, 2013 September 24, 2013 $ 9,918 $ 0.3000 2013 Total $ 15,092 $ 0.4565 January 1, 2014 through March 31, 2014 April 23, 2014 $ 9,993 $ 0.3000 April 1, 2014 through June 30, 2014 July 17, 2014 $ 9,993 $ 0.3000 July 1, 2014 through September 30, 2014 October 23, 2014 $ 9,993 $ 0.3000 October 1, 2014 through December 31, 2014 January 15, 2015 $ 10,458 $ 0.3000 2014 Total $ 40,437 $ 1.2000 January 1, 2015 through March 31, 2015 April 21, 2015 $ 10,458 $ 0.3000 April 1, 2015 through June 30, 2015 July 16, 2015 $ 10,458 $ 0.3000 July 1, 2015 through September 30, 2015 October 14, 2015 $ 10,458 $ 0.3000 October 1, 2015 through December 31, 2015 January 14, 2016 $ 10,458 $ 0.3000 2015 Total $ 41,832 $ 1.2000

TERMINAL ACQUISITIONS

TERMINAL ACQUISITIONS	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	20) TERMINAL ACQUISITIONS On September 14, 2015, the Partnership acquired a terminal facility in Salisbury, Maryland which has a total shell capacity of 177,000 965 On January 1, 2015, the Partnership acquired a terminal facility in Greensboro, North Carolina which has a total shell capacity of 684,000 1,550,000 31,186 Business Combinations 48 Contribution consideration Property, plant and equipment $ 25,304 Goodwill 182 Acquired customer contracts 5,700 Total consideration 31,186 Closing costs 48 Additive inventory 53 Total terminal cost $ 31,287 2015 2014 Revenues – third parties $ 59,082 $ 56,959 Revenues – affiliates 37,044 37,187 Total Revenues $ 96,126 $ 94,146 Net income $ 33,129 $ 31,780 In June 2014, the Partnership acquired two terminals in Mobile, Alabama that will have a total shell capacity of 1,826,000 The Chickasaw terminal has a total storage capacity of 644,000 Business Combinations 6,553 The Blakeley Island terminal has a total storage capacity of 1,182,000 7,191 Pro forma information related to the acquisitions is not presented because the impact of the acquisitions 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. There were no other identifiable assets or liabilities for these acquisitions. In April 2013, Center Point completed the purchase of terminal assets adjacent to its Jacksonville, Florida terminal with a total capacity of 450,000 23,024

ACQUIRED CUSTOMER CONTRACTS

ACQUIRED CUSTOMER CONTRACTS	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Intangible Assets Disclosure [Text Block]	21) ACQUIRED CUSTOMER CONTRACTS In connection with the acquisition of the terminal facility in Greensboro, North Carolina, the Partnership allocated $ 5,700 December 31, 2015 Cost $ 5,700 Less accumulated amortization (1,140) $ 4,560 Estimated Intangible Amortization Year ending December 31, Expense (In thousands) 2016 $ 1,140 2017 1,140 2018 1,140 2019 1,140 2020 and beyond -

QUARTERLY FINANCIAL DATA (UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	22) QUARTERLY FINANCIAL DATA (UNAUDITED) First Second Third Fourth Quarter Quarter Quarter Quarter 2015 Revenue $ 25,143 $ 24,437 $ 22,485 $ 24,061 Income from operations 9,533 8,872 7,103 8,206 Net income attributable to unitholder / shareholder 9,499 8,574 6,987 8,069 Earnings per Common Unit $ 0.27 $ 0.25 $ 0.20 $ 0.23 Earnings per Subordinated Unit $ 0.27 $ 0.25 $ 0.20 $ 0.23 2014 Revenue $ 22,732 $ 22,413 $ 22,596 $ 22,422 Income from operations 9,064 9,157 8,550 6,443 Net income attributable to unitholder / shareholder 8,869 9,054 8,330 6,265 Earnings per Common Unit $ 0.27 $ 0.27 $ 0.25 $ 0.19 Earnings per Subordinated Unit $ 0.27 $ 0.27 $ 0.25 $ 0.19

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2015
Subsequent Events [Abstract]
Subsequent Events [Text Block]	23) SUBSEQUENT EVENTS On January 14, 2016 the Board of Directors declared a cash distribution of $ 0.30

SUMMARY OF SIGNIFICANT ACCOUN31

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2015
Accounting Policies [Abstract]
General [Policy Text Block]	General —The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America.
Consolidation, Policy [Policy Text Block]	Basis of Consolidation —The consolidated financial statements include the accounts of the Partnership and its subsidiaries. The Partnership consolidates all majority-owned and controlled subsidiaries in which it is able to exercise significant influence. All intercompany transactions have been eliminated. The Partnership’s financial statements utilize the consolidation method of accounting for the Newark terminal, which was owned by a joint venture in part of 2013. As such, 100% of the Newark terminal’s assets, liabilities and results of operations have been included in the Partnership’s statements. Effective August 14, 2013, the Partnership acquired 100 49 32
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents —Cash equivalents consist of highly liquid investments with maturities of three months or less when purchased and are carried at cost, which approximates market.
Investment, Policy [Policy Text Block]	Short-Term Investments —At December 31, 2015 and 2014, the Partnership had investments in certain exchange traded debt securities, preferred stocks and trust preferred stocks. The Partnership classified these instruments as current assets in the accompanying consolidated balance sheets as the Partnership anticipated these securities being sold within the next year. The Partnership designated these securities as trading, accordingly they were recorded at fair value, with the unrealized gains or losses reported as a component of other income.
Income Tax, Policy [Policy Text Block]	Income Taxes —Our Parent and certain of its subsidiaries have elected to be treated as a Subchapter S Corporation under the Internal Revenue Code of 1986, as amended. Under this election, the Partnership’s taxable income flows through to the shareholders of our Parent who are responsible for the federal and most state taxes due on the taxable income. The Partnership has adopted the updated provisions of Accounting Standards Codification (“ASC”) Topic 740, Income Taxes.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets —We periodically evaluate whether events or circumstances have occurred that indicate the estimated remaining useful life of long-lived assets, including property and equipment and acquired customer contracts, may warrant revision or that the carrying value of these assets may be impaired. We evaluate the potential impairment of long-lived assets based on undiscounted cash flow expectations for the related asset relative to its carrying value. These future estimates are based on historical results, adjusted to reflect our best estimates of future market and operating conditions. Actual results may vary materially from our estimates, and accordingly may cause a full impairment of the long-lived assets. If a long-lived asset is considered to be impaired, the impairment loss is measured as the amount by which the carrying amount of the asset exceeds its fair value, calculated using a discounted future cash flows analysis. There were no impairments recorded for the years ended December 31, 2015, 2014 and 2013.
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Plant, and Equipment 5 14 5 10 10 2 10 Buildings are recorded at cost and are depreciated on a straight-line basis over their estimated useful lives, which generally range from 20 50 Leases
Goodwill and Intangible Assets, Policy [Policy Text Block]	Goodwill —Goodwill represents the excess of the purchase price over the fair value of net assets of acquired businesses. Goodwill is not amortized and is tested for impairment annually based on a quantitative analysis, or more frequently if events or changes in circumstances indicate that the asset might be impaired. When the carrying amount of a reporting unit’s goodwill exceeds the estimated fair value of the goodwill, an impairment loss is recognized in the statements of income and comprehensive income in an amount equal to the excess. As of December 31, 2015, and 2014, the fair value of the reporting unit exceeded the carrying value.
Derivatives, Policy [Policy Text Block]	Derivative Instruments and Hedging Activities —Derivative instruments may be utilized by the Partnership to manage interest rate exposure. The Partnership may choose to designate derivative instruments as hedges. All derivative instruments are recorded on the balance sheets at fair value. Derivatives not qualifying for hedge accounting are classified as held for trading financial instruments. Gains and losses on these instruments are recorded in interest expense in the consolidated statements of income and comprehensive income, in the periods they occur. Derivatives that have been designated and qualify for hedge accounting are classified as either fair value or cash flow hedges. The Partnership had one derivative instrument in 2013, an interest rate swap, and elected to not use hedge accounting.
Revenue Recognition, Policy [Policy Text Block]	Revenue Recognition —The Partnership’s principal source of revenues is through providing oil storage services at its storage facilities. Typically, the Partnership enters into term contracts with customers with pricing terms based on the volume of product stored or based on the activity conducted at the storage facilities by the customers. Additional revenues are derived from ancillary services performed for the Partnership’s customers, such as the heating and blending of customer product. The Partnership recognizes revenue when persuasive evidence of an arrangement exists, delivery has occurred or services have been rendered, the price to the buyer is fixed or determinable and collectability is reasonably ensured. Revenues from monthly storage fees are recognized on a straight-line basis over the period in which storage services are provided. Fees from heating charges and other services are recognized monthly based on the amount of heat or other services provided by the Partnership. In May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers
Revenue Recognition, Deferred Revenue [Policy Text Block]	Deferred Revenue — The Partnership may enter into arrangements with customers to construct terminal assets on the Partnership’s property. Such arrangements establish the pricing and require the customer to prepay for a portion of the future services. The Partnership records the prepayments as deferred revenue.
Asset Retirement Obligations, Policy [Policy Text Block]	Asset Retirement Obligations —Three of the Partnership’s storage terminals are located on leased land and the landowners have the option of requiring the Partnership to remove its terminal assets from the land at the expiration of the lease. The Partnership follows ASC Topic 410, Asset Retirement and Environmental Obligations
Partner Capital Accounts [Policy Text Block]	Partner Capital Accounts— For purposes of maintaining capital accounts, items of income and loss of the Partnership are allocated among the partners each year, or portion thereof, in accordance with the partnership agreement. Generally, net income for each period is allocated among the limited partners based on their respective ownership interests after deducting any priority allocations in the form of cash distributions paid to the holders of the IDRs. As the general partner has no economic interest in the Partnership, it is not allocated any income or loss.
Compensation Related Costs, Policy [Policy Text Block]	Unit Based Compensation— Compensation expense related to unit-based awards made to employees, directors, and consultants is valued at the grant date as the closing market price of the units and amortized on a straight line basis over the vesting period.
Comprehensive Income, Policy [Policy Text Block]	Comprehensive Income —The Partnership does not have any other comprehensive income. Therefore, other comprehensive income equals net income attributable to the Partnership unitholders.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates —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.

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 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 December 31, 2015 and December 31, 2014 were: December 31, 2015 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 12,186 $ - $ - $ 12,186 Short-term investments Exchange traded debt securities 517 517 Preferred stocks 3,340 3,340 Total short-term investments $ 3,857 $ - $ - $ 3,857 Total assets at fair value $ 16,043 $ 16,043 Long-term incentive plan liability $ - $ 4 $ - $ 4 December 31, 2014 Level 1 Level 2 Level 3 Total Cash and cash equivalents $ 18,429 $ 18,429 Short-term investments Exchange traded debt securities 375 375 Preferred stocks 4,822 4,822 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 RECEIV33

ALLOWANCE FOR DOUBTFUL RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2015
Receivables [Abstract]
Schedule of Allowance For Doubtful Accounts [Table Text Block]	The change in the allowance for doubtful trade receivables for the periods indicated was: For the Years Ended December 31, 2015 2014 2013 Allowance for doubtful receivable at January 1 $ 8 $ 95 $ 37 Additions charged to expense 28 - 58 Subtractions recorded as income (11) (87) - Balance at December 31 $ 25 $ 8 $ 95

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2015
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	Property, plant, and equipment consisted of the following as of December 31, 2015 and December 31, 2014: Accumulated Net Book December 31, 2015 Cost Depreciation Value Land $ 32,564 $ - $ 32,564 Tanks and appenditures 241,985 135,031 106,954 Docks and jetties 17,937 6,634 11,303 Machinery and equipment 10,081 7,026 3,055 Buildings 2,628 897 1,731 Other 11,153 4,117 7,036 Assets under construction 8,845 - 8,845 $ 325,193 $ 153,705 $ 171,488 Accumulated Net Book December 31, 2014 Cost Depreciation 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

GOODWILL (Tables)

GOODWILL (Tables)	12 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Goodwill consisted of the following at December 31, 2015 and December 31, 2014: December 31, December 31, 2015 2014 Goodwill at January 1 $ 377 $ 377 Additions to goodwill 182 - Goodwill, gross 559 377 Accumulated impairment losses - - Total goodwill, net $ 559 $ 377

COMMITMENTS (Tables)

COMMITMENTS (Tables)	12 Months Ended
	Dec. 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 as of December 31, 2015 are as follows: 2016 $ 602 2017 577 2018 569 2019 479 2020 44 Thereafter 5 $ 2,276

DEBT (Tables)

DEBT (Tables)	12 Months Ended
	Dec. 31, 2015
Debt Disclosure [Abstract]
Interest Income and Interest Expense Disclosure [Table Text Block]	Interest expense on the Credit Facility and the term note for the periods indicated was: For the Years Ended December 31, 2015 2014 2013 $ 793 $ 811 $ 374

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2015
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 Years Ended December 31, 2015 2014 2013 Current $ 148 $ 124 $ 515 Deferred - - (1,088) Total $ 148 $ 124 $ (573)

RELATED PARTY TRANSACTIONS AN39

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)	12 Months Ended
	Dec. 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 Years Ended December 31, 2015 2014 2013 Operating costs $ 5,177 $ 3,015 $ 4,449 Reimbursement for management and marketing services 2,053 1,958 2,194 Reimbursement for supplies and equipment 53 156 - $ 7,283 $ 5,129 $ 6,643
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 Years Ended December 31, 2015 2014 2013 Affiliate revenues $ 37,044 $ 33,488 $ 28,634
Assets and Liabilities [Member]
Related Party Transaction [Line Items]
Schedule of Related Party Transactions [Table Text Block]	The Partnership’s assets and liabilities included the following related party balances: December 31, December 31, 2015 2014 Accounts receivable – affiliates $ 810 $ 2,391 Prepaid insurance – affiliates 110 93 Due to affiliates 1,431 1,411 Deferred revenue – short-term-affiliates 802 656 Deferred revenue- long-term-affiliates 2,071 1,106

DEFERRED REVENUE (Tables)

DEFERRED REVENUE (Tables)	12 Months Ended
	Dec. 31, 2015
Deferred Revenue Disclosure [Abstract]
Deferred Revenue, by Arrangement, Disclosure [Table Text Block]	The following table summarizes the Partnership’s deferred revenue activity: December 31, December 31, 2015 2014 Balance at January 1 $ 1,762 $ 1,911 Additions 2,001 254 Amortization (636) (403) Balance at December 31 $ 3,127 $ 1,762 Deferred revenue – short term - affiliate $ 802 $ 656 Deferred revenue – long term $ 254 - Deferred revenue – long term - affiliate $ 2,071 $ 1,106

EQUITY-BASED COMPENSATION (Tabl

EQUITY-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 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 during the post-IPO period of August 14, 2013 through December 31, 2015 and the amount vested. The outstanding balance at December 31, 2015 represents total awards since the IPO. There were no forfeitures during the post-IPO period. Restricted Vested Fair Value at UARs Awarded Units Awarded Units Award Date September 24, 2013 1 - 90,000 33,330 $ 20.21 April 23, 2014 2 - 250,000 - $ 23.20 July 6, 2015 3 25,000 - - $ 16.95 1 2 3

EARNINGS PER UNIT AND CASH DI42

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Tables)	12 Months Ended
	Dec. 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: For the Years Ended December 31, 2015 2014 2013 (1) Common Units 18,375,507 16,748,795 16,546,955 Subordinated Units 16,485,507 16,485,507 16,485,507 (1)
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	The calculation of earnings per unit is as follows: Year Ended December 31, 2015 Common Subordinated Total Net income for the year ended December 31, 2015 attributable to unitholders $ 17,463 $ 15,666 $ 33,129 Less: Distributions payable on behalf of IDRs - - - Distributions payable on behalf of general partner interest - - - Net income attributable to unitholders $ 17,463 $ 15,666 $ 33,129 Weighted average limited partner units outstanding: Common Units – Public 11,952,500 Common Units – World Point 6,423,007 Subordinated Units – World Point 16,485,507 Earnings per unit $ 0.95 $ 0.95 Year Ended December 31, 2014 Common Subordinated Total Net income for the year ended December 31, 2014 attributable to unitholders $ 16,375 $ 16,143 $ 32,518 Less: Distributions payable on behalf of IDRs - - - Distributions payable on behalf of general partner interest - - - Net income attributable to unitholders $ 16,375 $ 16,143 $ 32,518 Weighted average limited partner units outstanding: Common Units – Public 10,325,788 Common Units – World Point 6,423,007 Subordinated Units – World Point 16,485,507 Earnings per unit $ 0.98 $ 0.98 Period Ended December 31, 2013 Common Subordinated Total Net income from August 14, 2013 to December 31, 2013 attributable to unitholders $ 6,962 $ 6,936 $ 13,898 Less: Distributions payable on behalf of IDRs - - - Distributions payable on behalf of general partner interest - - - Net income attributable to unitholders $ 6,962 $ 6,936 $ 13,898 Weighted average limited partner units outstanding: Common Units – Public 10,123,948 Common Units – World Point 6,423,007 Subordinated Units – World Point 16,485,507 Earnings per unit (1) $ 0.42 $ 0.42 (1) The basic and diluted earnings per unit for the year ended December 31, 2013 represents earnings for the portion of the year from the date the IPO closed on August 14, 2013 through December 31, 2013.
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 September 24, 2013 $ 5,174 $ 0.1565 October 1, 2013 through December 31, 2013 September 24, 2013 $ 9,918 $ 0.3000 2013 Total $ 15,092 $ 0.4565 January 1, 2014 through March 31, 2014 April 23, 2014 $ 9,993 $ 0.3000 April 1, 2014 through June 30, 2014 July 17, 2014 $ 9,993 $ 0.3000 July 1, 2014 through September 30, 2014 October 23, 2014 $ 9,993 $ 0.3000 October 1, 2014 through December 31, 2014 January 15, 2015 $ 10,458 $ 0.3000 2014 Total $ 40,437 $ 1.2000 January 1, 2015 through March 31, 2015 April 21, 2015 $ 10,458 $ 0.3000 April 1, 2015 through June 30, 2015 July 16, 2015 $ 10,458 $ 0.3000 July 1, 2015 through September 30, 2015 October 14, 2015 $ 10,458 $ 0.3000 October 1, 2015 through December 31, 2015 January 14, 2016 $ 10,458 $ 0.3000 2015 Total $ 41,832 $ 1.2000

TERMINAL ACQUISITIONS (Tables)

TERMINAL ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2015
Business Combinations [Abstract]
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	The Partnership has allocated the contribution consideration to the assets acquired as follows: Contribution consideration Property, plant and equipment $ 25,304 Goodwill 182 Acquired customer contracts 5,700 Total consideration 31,186 Closing costs 48 Additive inventory 53 Total terminal cost $ 31,287
Business Acquisition, Pro Forma Information [Table Text Block]	The following table reflects the unaudited pro forma results of operations as though the Greensboro terminal acquisition had occurred on January 1, 2014. The pro forma amounts are not necessarily indicative of the results that may be reported in the future: 2015 2014 Revenues – third parties $ 59,082 $ 56,959 Revenues – affiliates 37,044 37,187 Total Revenues $ 96,126 $ 94,146 Net income $ 33,129 $ 31,780

ACQUIRED CUSTOMER CONTRACTS (Ta

ACQUIRED CUSTOMER CONTRACTS (Tables)	12 Months Ended
	Dec. 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 December 31, 2015: December 31, 2015 Cost $ 5,700 Less accumulated amortization (1,140) $ 4,560
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Estimated Intangible Amortization Year ending December 31, Expense (In thousands) 2016 $ 1,140 2017 1,140 2018 1,140 2019 1,140 2020 and beyond -

QUARTERLY FINANCIAL DATA (UNA45

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	First Second Third Fourth Quarter Quarter Quarter Quarter 2015 Revenue $ 25,143 $ 24,437 $ 22,485 $ 24,061 Income from operations 9,533 8,872 7,103 8,206 Net income attributable to unitholder / shareholder 9,499 8,574 6,987 8,069 Earnings per Common Unit $ 0.27 $ 0.25 $ 0.20 $ 0.23 Earnings per Subordinated Unit $ 0.27 $ 0.25 $ 0.20 $ 0.23 2014 Revenue $ 22,732 $ 22,413 $ 22,596 $ 22,422 Income from operations 9,064 9,157 8,550 6,443 Net income attributable to unitholder / shareholder 8,869 9,054 8,330 6,265 Earnings per Common Unit $ 0.27 $ 0.27 $ 0.25 $ 0.19 Earnings per Subordinated Unit $ 0.27 $ 0.27 $ 0.25 $ 0.19

NATURE OF BUSINESS (Details Tex

NATURE OF BUSINESS (Details Textual) - Common Stock [Member] - IPO [Member] - $ / shares	Sep. 11, 2013	Aug. 14, 2013
Nature of Business [Line Items]
Stock Issued During Period, Shares, New Issues	1,312,500	8,750,000
Shares Issued, Price Per Share	$ 20	$ 20

INITIAL PUBLIC OFFERING (Detail

INITIAL PUBLIC OFFERING (Details Textual) - USD ($) $ / shares in Units, $ in Thousands	Sep. 11, 2013	Aug. 14, 2013	Dec. 31, 2014
Subsidiary, Sale of Stock [Line Items]
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
Payments for Repurchase of Common Units		$ 24,600
Reimbursement For Acquisition Or Improvement Of Assets Related Costs		29,900
Working Capital		12,000
Underwriter Discounts And Structuring Fee		1,700
Payments of Stock Issuance Costs			$ 903
Proceeds from Issuance Initial Public Offering		97,100
Bank of Tokyo-Mitsubishi UFJ, Ltd [Member]
Subsidiary, Sale of Stock [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 200,000
Parent [Member]
Subsidiary, Sale of Stock [Line Items]
Ownership Interest		20.00%
Apex Oil Company, Inc [Member]
Subsidiary, Sale of Stock [Line Items]
Ownership Interest		20.00%
PAN Group, L.L.C [Member]
Subsidiary, Sale of Stock [Line Items]
Ownership Interest		60.00%
CPT 2010, LLC [Member]
Subsidiary, Sale of Stock [Line Items]
Debt Conversion, Converted Instrument, Amount		$ 14,100
General Partner [Member]
Subsidiary, Sale of Stock [Line Items]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		0.00%
Common Stock [Member] | CPT 2010, LLC [Member]
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Units, New Issues		6,423,007
Subordinate Unit [Member] | CPT 2010, LLC [Member]
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Units, New Issues		16,485,507
IPO [Member]
Subsidiary, Sale of Stock [Line Items]
Payments of Stock Issuance Costs		$ 3,606
IPO [Member] | Common Stock [Member]
Subsidiary, Sale of Stock [Line Items]
Stock Issued During Period, Units, New Issues	1,312,500	8,750,000
Shares Issued, Price Per Share	$ 20	$ 20

SUMMARY OF SIGNIFICANT ACCOUN48

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	Aug. 14, 2013	Dec. 31, 2015	Dec. 31, 2013
Machinery and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		10 years
Machinery and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		5 years
Building [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		50 years
Building [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		20 years
Newark Terminal [Member]
Equity Method Investment, Ownership Percentage	49.00%		49.00%
Newark Terminal [Member] | Partnership [Member]
Subsidiary or Equity Method Investee, Cumulative Percentage Ownership after All Transactions	100.00%
Tanks And Appenditures [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		14 years
Tanks And Appenditures [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		5 years
Docks And Jetties [Member]
Property, Plant and Equipment, Useful Life		10 years
Other Capitalized Property Plant and Equipment [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life		10 years
Other Capitalized Property Plant and Equipment [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life		2 years
Cenex joint venture [Member]
Equity Method Investment, Ownership Percentage	32.00%		32.00%

FINANCIAL INSTRUMENTS (Details

FINANCIAL INSTRUMENTS (Details Textual) - Sales Revenue, Net [Member]	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Customer One [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration Risk, Percentage	38.00%	37.00%	34.00%
Third-party customer [Member]
Fair Value, Off-balance Sheet Risks, Disclosure Information [Line Items]
Concentration Risk, Percentage	11.00%	11.00%	11.00%

FAIR VALUE MEASUREMENTS (Detail

FAIR VALUE MEASUREMENTS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	$ 3,857	$ 5,527
Total assets at fair value	16,043	23,956
Long-term incentive plan liability	4
Fair Value, Inputs, Level 1 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	3,857	5,527
Total assets at fair value	16,043	$ 23,956
Long-term incentive plan liability	0
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
Long-term incentive plan liability	4
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
Long-term incentive plan liability	0
Trust preferred stocks [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments		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		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
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
Exchange traded debt securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Total short-term investments	517	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	517	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	3,340	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	3,340	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	12,186	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	12,186	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 RECEIV51

ALLOWANCE FOR DOUBTFUL RECEIVABLES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Allowance For Doubtful Receivables [Line Items]
Allowance for doubtful receivable beginning value	$ 8	$ 95	$ 37
Additions charged to expense	28	0	58
Subtractions recorded as income	(11)	(87)	0
Allowance for doubtful receivable ending value	$ 25	$ 8	$ 95

PROPERTY, PLANT AND EQUIPMENT52

PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Property, Plant and Equipment [Line Items]
Cost	$ 325,193	$ 272,286
Accumulated Depreciation	153,705	129,114
Net Book Value	171,488	143,172
Land [Member]
Property, Plant and Equipment [Line Items]
Cost	32,564	30,186
Accumulated Depreciation	0	0
Net Book Value	32,564	30,186
Tanks and appenditures [Member]
Property, Plant and Equipment [Line Items]
Cost	241,985	200,516
Accumulated Depreciation	135,031	114,860
Net Book Value	106,954	85,656
Docks and jetties [Member]
Property, Plant and Equipment [Line Items]
Cost	17,937	17,767
Accumulated Depreciation	6,634	4,947
Net Book Value	11,303	12,820
Machinery and equipment [Member]
Property, Plant and Equipment [Line Items]
Cost	10,081	9,779
Accumulated Depreciation	7,026	5,427
Net Book Value	3,055	4,352
Buildings [Member]
Property, Plant and Equipment [Line Items]
Cost	2,628	2,312
Accumulated Depreciation	897	777
Net Book Value	1,731	1,535
Other [Member]
Property, Plant and Equipment [Line Items]
Cost	11,153	8,756
Accumulated Depreciation	4,117	3,103
Net Book Value	7,036	5,653
Assets under construction [Member]
Property, Plant and Equipment [Line Items]
Cost	8,845	2,970
Accumulated Depreciation	0	0
Net Book Value	$ 8,845	$ 2,970

GOODWILL (Details)

GOODWILL (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Goodwill [Line Items]
Additions to goodwill	$ 182	$ 0
Goodwill, gross	559	377
Accumulated impairment losses	0	0
Total goodwill, net	$ 559	$ 377	$ 377

COMMITMENTS (Details)

COMMITMENTS (Details) $ in Thousands	Dec. 31, 2015USD ($)
Commitments [Line Items]
2,016	$ 602
2,017	577
2,018	569
2,019	479
2,020	44
Thereafter	5
Operating Leases, Future Minimum Payments Due, Total	$ 2,276

COMMITMENTS (Details Textual)

COMMITMENTS (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Commitments [Line Items]
Operating Leases, Rent Expense	$ 1,208	$ 1,314	$ 986
Lease Expiration Term	expire from March 31, 2017through February1, 2061.

DEBT (Details)

DEBT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Line of Credit Facility, Periodic Payment, Interest	$ 793	$ 811	$ 374

DEBT (Details Textual)

DEBT (Details Textual) - USD ($) $ in Thousands	Aug. 14, 2013	Apr. 08, 2008	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Swing Line Loans [Member]
Debt Instrument [Line Items]
Letters of Credit Outstanding, Amount	$ 20,000
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			$ 608	$ 608	$ 231
Line Of Credit Facility Increase In Commitment Maximum Limit	$ 100,000
commercial bank [Member]
Debt Instrument [Line Items]
Debt Instrument, Term		5 years

ASSET RETIREMENT OBLIGATIONS (D

ASSET RETIREMENT OBLIGATIONS (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Asset Retirement Obligations [Line Items]
Asset Retirement Obligations, Noncurrent	$ 658	$ 622
Credit Derivative, Maximum Exposure, Undiscounted	$ 10,135
Maximum [Member]
Asset Retirement Obligations [Line Items]
Lease Expiration Date	Feb. 1, 2061
Minimum [Member]
Asset Retirement Obligations [Line Items]
Lease Expiration Date	Jul. 13, 2034

EMPLOYEE BENEFIT PLANS (Details

EMPLOYEE BENEFIT PLANS (Details Textual) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan, Cost Recognized	$ 239	$ 178	$ 207

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Income Tax Disclosure [Line Items]
Current	$ 148	$ 124	$ 515
Deferred	0	0	(1,088)
Total	$ 148	$ 124	$ (573)

RELATED PARTY TRANSACTIONS AN61

RELATED PARTY TRANSACTIONS AND BALANCES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Operating costs	$ 5,177	$ 3,015	$ 4,449
Reimbursement for management and marketing services	2,053	1,958	2,194
Reimbursement for supplies and equipment	53	156	0
Total Charges For Related Party Services	$ 7,283	$ 5,129	$ 6,643

RELATED PARTY TRANSACTIONS AN62

RELATED PARTY TRANSACTIONS AND BALANCES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Related Party Transaction [Line Items]
Affiliate revenues	$ 37,044	$ 33,488	$ 28,634

RELATED PARTY TRANSACTIONS AN63

RELATED PARTY TRANSACTIONS AND BALANCES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Accounts receivable - affiliates	$ 810	$ 2,391
Prepaid insurance - affiliates	110	93
Due to affiliates	1,431	1,411
Deferred revenue - short-term - affiliates	802	656
Deferred revenue - long-term - affiliates	$ 2,071	$ 1,106

RELATED PARTY TRANSACTIONS AN64

RELATED PARTY TRANSACTIONS AND BALANCES (Details Textual) $ in Thousands	Dec. 31, 2014USD ($)
Partnership [Member]
Related Party Transaction [Line Items]
Due from Affiliates	$ 1,644

DEFERRED REVENUE (Details)

DEFERRED REVENUE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Deferred Revenue [Line Items]
Balance at January 1	$ 1,762	$ 1,911
Additions	2,001	254
Amortization	(636)	(403)
Balance at December 31	3,127	1,762
Deferred revenue - short term - affiliate	802	656
Deferred revenue - long-term	254	0
Deferred revenue - long term - affiliate	$ 2,071	$ 1,106

EQUITY-BASED COMPENSATION (Deta

EQUITY-BASED COMPENSATION (Details)	12 Months Ended
	Dec. 31, 2015$ / sharesshares
September 24, 2013 [Memeber]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
UARs Awarded	0	[1]
Restricted Units Awarded	90,000	[1]
Vested Units	33,330	[1]
Fair Value at Award Date | $ / shares	$ 20.21	[1]
April 23, 2014 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
UARs Awarded	0	[2]
Restricted Units Awarded	250,000	[2]
Vested Units	0	[2]
Fair Value at Award Date | $ / shares	$ 23.20	[2]
July 6, 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
UARs Awarded	25,000	[3]
Restricted Units Awarded	0	[3]
Vested Units	0	[3]
Fair Value at Award Date | $ / shares	$ 16.95	[3]
[1]	Units awarded to directors of General Partner and Parent
[2]	Units awarded to the chairman of General Partner
[3]	UARs awarded to an employee of the General Partner

EQUITY-BASED COMPENSATION (De67

EQUITY-BASED COMPENSATION (Details Textual) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2015	Dec. 31, 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
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross		340,000
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized, Total		$ 3,642	$ 5,523
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period		3 years
July 6, 2015 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unit Appreciation Rights Awarded	[1]	25,000
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Stock or Unit Expense		$ 2,540	$ 1,933	$ 163
unit appreciation rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock or Unit Option Plan Expense		$ 4
[1]	UARs awarded to an employee of the General Partner

EARNINGS PER UNIT AND CASH DI68

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details) - shares	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	[1]
Common Units [Member]
Earning Per Share and Cash Distributions [Line Items]
Weighted Average Number of Shares Outstanding, Basic	18,375,507	16,748,795	16,546,955
Subordinate Units [Member]
Earning Per Share and Cash Distributions [Line Items]
Weighted Average Number of Shares Outstanding, Basic	16,485,507	16,485,507	16,485,507
[1]	The weighted-average number of units outstanding for the year ended December 31, 2013 represents units outstanding for the portion of the year from the date the IPO closed on August 14, 2013 through December 31, 2013.

EARNINGS PER UNIT AND CASH DI69

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 1) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								5 Months Ended		12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earning Per Share and Cash Distributions [Line Items]
Net income	$ 8,069	$ 6,987	$ 8,574	$ 9,499	$ 6,265	$ 8,330	$ 9,054	$ 8,869	$ 13,898		$ 33,129	$ 32,518	$ 31,819
Distributions payable on behalf of IDRs									0		0	0
Distributions payable on behalf of general partner interest									0		0	0
Net income attributable to unitholders									13,898		33,129	32,518
Common Stock [Member]
Earning Per Share and Cash Distributions [Line Items]
Net income									6,962		17,463	16,375
Distributions payable on behalf of IDRs									0		0	0
Distributions payable on behalf of general partner interest									0		0	0
Net income attributable to unitholders									$ 6,962		$ 17,463	$ 16,375
Weighted Average Limited Partnership Units									6,423,007		6,423,007	6,423,007
Earnings per unit									$ 0.42	[1]	$ 0.95	$ 0.98
Subordinate Unit [Member]
Earning Per Share and Cash Distributions [Line Items]
Net income									$ 6,936		$ 15,666	$ 16,143
Distributions payable on behalf of IDRs									0		0	0
Distributions payable on behalf of general partner interest									0		0	0
Net income attributable to unitholders									$ 6,936		$ 15,666	$ 16,143
Weighted Average Limited Partnership Units									16,485,507		16,485,507	16,485,507
Earnings per unit									$ 0.42	[1]	$ 0.95	$ 0.98
IPO [Member] | Common Stock [Member]
Earning Per Share and Cash Distributions [Line Items]
Weighted Average Limited Partnership Units									10,123,948		11,952,500	10,325,788
[1]	The basic and diluted earnings per unit for the year ended December 31, 2013 represents earnings for the portion of the year from the date the IPO closed on August 14, 2013 through December 31, 2013.

EARNINGS PER UNIT AND CASH DI70

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 2)	12 Months Ended
	Dec. 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 DI71

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details 3) - USD ($) $ / shares in Units, $ in Thousands	2 Months Ended	3 Months Ended									12 Months Ended
	Sep. 30, 2013	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Earning Per Share and Cash Distributions [Line Items]
Distribution Made to Limited Partner, Declaration Date	Sep. 24, 2013	Jan. 14, 2016	Oct. 14, 2015	Jul. 16, 2015	Apr. 21, 2015	Jan. 15, 2015	Oct. 23, 2014	Jul. 17, 2014	Apr. 23, 2014	Sep. 24, 2013
Distribution Made to Limited Partner, Cash Distributions Declared	$ 5,174	$ 10,458	$ 10,458	$ 10,458	$ 10,458	$ 10,458	$ 9,993	$ 9,993	$ 9,993	$ 9,918	$ 41,832	$ 40,437	$ 15,092
Distribution Made to Limited Partner, Distributions Declared, Per Unit	$ 0.1565	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 1.2000	$ 1.2000	$ 0.4565

EARNINGS PER UNIT AND CASH DI72

EARNINGS PER UNIT AND CASH DISTRIBUTIONS (Details Textual) - $ / shares

2 Months Ended

3 Months Ended

12 Months Ended

Sep. 30, 2013

Dec. 31, 2015

Sep. 30, 2015

Jun. 30, 2015

Mar. 31, 2015

Dec. 31, 2014

Sep. 30, 2014

Jun. 30, 2014

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2015

Dec. 31, 2014

Dec. 31, 2013

Earning Per Share and Cash Distributions [Line Items]

Distribution Made to Limited Partner, Distributions Declared, Per Unit

$ 0.1565

$ 0.3000

$ 0.3000

$ 0.3000

$ 0.3000

$ 0.3000

$ 0.3000

$ 0.3000

$ 0.3000

$ 0.3000

$ 1.2000

$ 1.2000

$ 0.4565

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

$ 0.345

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

$ 0.375

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%

Common Stock [Member]

Earning Per Share and Cash Distributions [Line Items]

Weighted Average Number of Shares Outstanding, Basic

18,375,507

16,748,795

16,546,955

[1]

Subordinate Unit [Member]

Earning Per Share and Cash Distributions [Line Items]

Weighted Average Number of Shares Outstanding, Basic

16,485,507

16,485,507

16,485,507

[1]

[1]

The weighted-average number of units outstanding for the year ended December 31, 2013 represents units outstanding for the portion of the year from the date the IPO closed on August 14, 2013 through December 31, 2013.

TERMINAL ACQUISITIONS (Details)

TERMINAL ACQUISITIONS (Details) $ in Thousands	Dec. 31, 2015USD ($)
Contribution consideration
Property, plant and equipment	$ 25,304
Goodwill	182
Acquired customer contracts	5,700
Total consideration	31,186
Closing costs	48
Additive inventory	53
Total terminal cost	$ 31,287

TERMINAL ACQUISITIONS (Details

TERMINAL ACQUISITIONS (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Business Acquisition, Pro Forma Information [Abstract]
Revenues - third parties	$ 59,082	$ 56,959
Revenues - affiliates	37,044	37,187
Total Revenues	96,126	94,146
Net income	$ 33,129	$ 31,780

TERMINAL ACQUISITIONS (Detail75

TERMINAL ACQUISITIONS (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2015USD ($)sharesbbl	Sep. 14, 2015USD ($)bbl	Jun. 30, 2014USD ($)bbl	Apr. 30, 2013USD ($)bbl
Business Acquisition [Line Items]
Total Storage capacity of terminals (In Actuals) | bbl			1,826,000
Business Acquisition, Transaction Costs	$ 48
Chickasaw terminal [Member]
Business Acquisition [Line Items]
Total Storage capacity of terminals (In Actuals) | bbl			644,000
Property, Plant, and Equipment, Fair Value Disclosure			$ 6,553
Blakeley Island terminal [Member]
Business Acquisition [Line Items]
Total Storage capacity of terminals (In Actuals) | bbl			1,182,000
Property, Plant, and Equipment, Fair Value Disclosure			$ 7,191
Florida terminal [Member]
Business Acquisition [Line Items]
Total Storage capacity of terminals (In Actuals) | bbl				450,000
Property, Plant, and Equipment, Fair Value Disclosure				$ 23,024
North Carolina [Member]
Business Acquisition [Line Items]
Total Storage capacity of terminals (In Actuals) | bbl	684,000
Stock Issued During Period, Shares, Acquisitions | shares	1,550,000
Business Combination, Consideration Transferred	$ 31,186
Business Acquisition, Transaction Costs	$ 48
Maryland [Member]
Business Acquisition [Line Items]
Total Storage capacity of terminals (In Actuals) | bbl		177,000
Property, Plant, and Equipment, Fair Value Disclosure		$ 965

ACQUIRED CUSTOMER CONTRACTS (De

ACQUIRED CUSTOMER CONTRACTS (Details) - USD ($) $ in Thousands	Dec. 31, 2015	Dec. 31, 2014
Acquired Finite-Lived Intangible Assets [Line Items]
Acquired customer contracts, Total	$ 4,560	$ 0
Customer Contracts [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Cost	5,700
Less accumulated amortization	(1,140)
Acquired customer contracts, Total	$ 4,560

ACQUIRED CUSTOMER CONTRACTS (77

ACQUIRED CUSTOMER CONTRACTS (Details 1) $ in Thousands	Dec. 31, 2015USD ($)
Finite-Lived Intangible Assets [Line Items]
2,016	$ 1,140
2,017	1,140
2,018	1,140
2,019	1,140
2020 and beyond	$ 0

ACQUIRED CUSTOMER CONTRACTS (78

ACQUIRED CUSTOMER CONTRACTS (Details Textual) $ in Thousands	Dec. 31, 2015USD ($)
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 5,700

QUARTERLY FINANCIAL DATA (UNA79

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								5 Months Ended	12 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2015		Dec. 31, 2014		Dec. 31, 2013
Revenue	$ 24,061	$ 22,485	$ 24,437	$ 25,143	$ 22,422	$ 22,596	$ 22,413	$ 22,732		$ 96,126		$ 90,163		$ 83,820
Income from operations	8,206	7,103	8,872	9,533	6,443	8,550	9,157	9,064		33,714		33,214		31,907
Net income attributable to unitholder / shareholder	$ 8,069	$ 6,987	$ 8,574	$ 9,499	$ 6,265	$ 8,330	$ 9,054	$ 8,869	$ 13,898	$ 33,129		$ 32,518		$ 31,819
Earnings per Common Unit	$ 0.23	$ 0.20	$ 0.25	$ 0.27	$ 0.19	$ 0.25	$ 0.27	$ 0.27		$ 0.95	[1]	$ 0.98	[1]	$ 0.42	[1]
Earnings per Subordinated Unit	$ 0.23	$ 0.20	$ 0.25	$ 0.27	$ 0.19	$ 0.25	$ 0.27	$ 0.27		$ 0.95	[1]	$ 0.98	[1]	$ 0.42	[1]
[1]	The basic and diluted earnings per unit for the year ended December 31, 2013 represents earnings for the portion of the year from the date the IPO closed on August 14, 2013 through December 31, 2013.

SUBSEQUENT EVENTS (Details Text

SUBSEQUENT EVENTS (Details Textual) - $ / shares	Jan. 14, 2016	Sep. 30, 2013	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Subsequent Event [Line Items]
Distribution Made to Limited Partner, Distributions Declared, Per Unit		$ 0.1565	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 0.3000	$ 1.2000	$ 1.2000	$ 0.4565
Subsequent Event [Member] | Board of Directors [Member]
Subsequent Event [Line Items]
Distribution Made to Limited Partner, Distributions Declared, Per Unit	$ 0.30