SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL OMB Number: 3235-0104 Estimated average burden hours per response: 0.5

1. Name and Address of Reporting Person* World Point Terminals, Inc. (Last) (First) (Middle) 8235 FORSYTH BOULEVARD, SUITE 400 (Street) ST. LOUIS MO 63105 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 08/08/2013	3. Issuer Name and Ticker or Trading Symbol World Point Terminals, LP [ WPT ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year)
			6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
COMMON UNITS (LIMITED PARTNER INTERESTS)	0(3)(5)	D(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
SUBORDINATED UNITS (LIMITED PARTNER INTERESTS)	(6)	(6)	COMMON UNITS	(3)(5)	$0(6)	I(1)(2)	BY CPT SUBSIDIARY(4)

1. Name and Address of Reporting Person* World Point Terminals, Inc. (Last) (First) (Middle) 8235 FORSYTH BOULEVARD, SUITE 400 (Street) ST. LOUIS MO 63105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* NOVELLY DYNASTY TRUST (Last) (First) (Middle) C/O WORLD POINT TERMINALS, LP 8235 FORSYTH BOULEVARD, SUITE 400 (Street) ST. LOUIS MO 63105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* NOVELLY FAMILY TRUST (Last) (First) (Middle) C/O WORLD POINT TERMINALS, LP 8235 FORSYTH BOULEVARD, SUITE 400 (Street) ST. LOUIS MO 63105 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer X Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. This Form 3 is filed jointly by World Point Terminals, Inc. ("Parent"), the Novelly Dynasty Trust and the Novelly Family Trust (collectively, the "Trusts") in connection with the effectiveness of the Issuer's Registration Statement on Form S-1 (Registration No. 333 189396) (the "Registration Statement"). The Trusts collectively own a controlling interest in Parent and as such, may be deemed to indirectly beneficially own the securities held by Parent. Paul A. Novelly, II, Steven G. Twele and Karon M. Burns (collectively, the "Trustees") serve as trustees of each of the Trusts and have shared investment and voting control over the securities held thereby, but may exercise such control only with the support of a majority of the trustees of each Trust. The Trustees disclaim beneficial ownership of the securities of the Issuer held by the Parent.

2. The Issuer is managed by the directors and executive officers of WPT GP, LLC, the general partner of the Issuer (the "General Partner"). Steven G. Twele has separately filed a Form 3 reporting his relationship as an officer and director of the General Partner.

3. As of the effectiveness of the Registration Statement, Parent owns a 100% limited partner interest in the Issuer.

4. CPT 2010, LLC ("CPT Subsidiary") is a wholly-owned subsidiary of Parent. Parent and the Trusts may be deemed to indirectly beneficially own the securities held by CPT 2010, LLC, but disclaim beneficial ownership except to the extent of their respective pecuniary interest therein, if any.

5. As described in the Registration Statement, in connection with the closing of the initial public offering (the "IPO") of the Issuer and the related formation transactions, as of the closing of the IPO, Parent and its affiliates, including CPT Subsidiary, will hold (i) 6,423,007 common units, representing approximately 39.0% of the outstanding common units of the Issuer, and (ii) 16,485,507 subordinated units, representing 100% of the outstanding subordinated units of the Issuer, for an aggregate 69.5% limited partner interest in the Issuer (or up to 7,735,507 common units and 16,485,507 subordinated units, representing an aggregate 73.5% limited partner interest in the Issuer, if the underwriters do not exercise their option to purchase additional common units in full). Parent will also hold 20% of the Incentive Distribution Rights of the Issuer. The General Partner holds a 0.0% non economic interest in the Issuer.

6. Each subordinated unit will convert into one common unit at the end of the Subordination Period.

	/s/ Steven G. Twele, Vice President and Chief Financial Officer ofWorld Point Terminals, Inc.	08/08/2013
	Steven G. Twele, Authorized Trustee of The Novelly Dynasty Trust	08/08/2013
	Steven G. Twele, Authorized Trustee of the Novelly Family Trust	08/08/2013
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.