diff --git a/README.md b/README.md
index e9a6ff7..c54ae60 100644
--- a/README.md
+++ b/README.md
@@ -158,6 +158,16 @@ Then we marked out each utterance with our emotions classifier that predicts one
 To mark-up your own corpus with emotions you can use, for example, [DeepMoji tool](https://github.com/bfelbo/DeepMoji)
 or any other emotions classifier that you have.
 
+#### Initalizing model weights from file
+For some tools (for example [`tools/train.py`](tools/train.py)) you can specify the path to model's initialization weights via `--init_weights` argument.
+
+The weights may come from a trained CakeChat model or from a model with a different architecture.
+In the latter case some parameters of Cakechat model may be left without initialization:
+a parameter will be initialized with a saved value if the parameter's name and shape are
+identical to the saved parameter, otherwise the parameter will keep its default initialization weights.
+
+See `load_weights` function for the details.
+
 ### Training your own model
 
 1. Put your training text corpus to [`data/corpora_processed/`](data/corpora_processed/).
diff --git a/cakechat/config.py b/cakechat/config.py
index 2010027..a0410b9 100644
--- a/cakechat/config.py
+++ b/cakechat/config.py
@@ -68,7 +68,7 @@
 LEARNING_RATE = 1.0  # Learning rate for the chosen optimizer (currently using Adadelta, see model.py)
 
 # model params
-NN_MODEL_PREFIX = 'cakechat'  # Specify prefix to be prepended to model's name
+NN_MODEL_PREFIX = 'cakechat_v1.3'  # Specify prefix to be prepended to model's name
 
 # predictions params
 MAX_PREDICTIONS_LENGTH = 40  # Max. number of tokens which can be generated on the prediction step
diff --git a/cakechat/dialog_model/model.py b/cakechat/dialog_model/model.py
index 14a16cd..6f589ac 100644
--- a/cakechat/dialog_model/model.py
+++ b/cakechat/dialog_model/model.py
@@ -622,20 +622,54 @@ def is_reverse_model(self):
         return self._is_reverse_model
 
     def load_weights(self):
-        with open(self.model_load_path, 'rb') as f:
-            loaded_file = np.load(f)
-            # Just using .values() would't work here because we need to keep the order of elements
-            ordered_params = [loaded_file['arr_%d' % i] for i in xrange(len(loaded_file.files))]
-        set_all_param_values(self._net['dist'], ordered_params)
+        _logger.info('\nLoading saved weights from file:\n{}\n'.format(self.model_load_path))
+        saved_var_name_to_var = OrderedDict(np.load(self.model_load_path))
 
-    def save_model(self, save_model_path):
-        ensure_dir(os.path.dirname(save_model_path))
-        ordered_params = get_all_param_values(self._net['dist'])
+        var_name_to_var = OrderedDict([(v.name, v) for v in get_all_params(self._net['dist'])])
+        initialized_vars, missing_vars, mismatched_vars = [], [], []
 
-        with open(save_model_path, 'wb') as f:
-            np.savez(f, *ordered_params)
+        for var_name, var in var_name_to_var.iteritems():
+            if var_name not in saved_var_name_to_var:
+                missing_vars.append(var_name)
+                continue
 
-        _logger.info('\nSaved model:\n{}\n'.format(save_model_path))
+            default_var_value = var.get_value()
+            saved_var_value = saved_var_name_to_var[var_name]
+
+            if default_var_value.shape != saved_var_value.shape:
+                mismatched_vars.append((var_name, default_var_value.shape, saved_var_value.shape))
+                continue
+
+            # Checks passed, set parameter value
+            var.set_value(saved_var_value)
+            initialized_vars.append(var_name)
+            del saved_var_name_to_var[var_name]
+
+        laconic_logger.info('\nRestored saved params:')
+        for var_name in initialized_vars:
+            laconic_logger.info('\t' + var_name)
+
+        laconic_logger.warning('\nMissing saved params:')
+        for var_name in missing_vars:
+            laconic_logger.warning('\t' + var_name)
+
+        laconic_logger.warning('\nShapes-mismatched params (saved -> current):')
+        for var_name, default_shape, saved_shape in mismatched_vars:
+            laconic_logger.warning('\t{0:<40} {1:<12} -> {2:<12}'.format(var_name, saved_shape, default_shape))
+
+        laconic_logger.warning('\nUnused saved params:')
+        for var_name in saved_var_name_to_var:
+            laconic_logger.warning('\t' + var_name)
+
+        laconic_logger.info('')
+
+    def save_model(self, save_path):
+        all_params = get_all_params(self._net['dist'])
+        with open(save_path, 'wb') as f:
+            params = {v.name: v.get_value() for v in all_params}
+            np.savez(f, **params)
+
+        _logger.info('\nSaved model:\n{}\n'.format(save_path))
 
     @staticmethod
     def delete_model(delete_path):
@@ -684,7 +718,6 @@ def get_nn_model(index_to_token, index_to_condition, model_init_path=None, w2v_m
     model_exists = resolver.resolve()
 
     if model_exists:
-        _logger.info('\nLoading weights from file:\n{}\n'.format(model.model_load_path))
         model.load_weights()
     elif model_init_path:
         raise FileNotFoundException('Can\'t initialize model from file:\n{}\n'.format(model_init_path))