Cyprus - Lead time to export
Time to export (days)
Definition: Time is recorded in calendar days. The time calculation for a procedure starts from the moment it is initiated and runs until it is completed. If a procedure can be accelerated for an additional cost, the fastest legal procedure is chosen. It is assumed that neither the exporter nor the importer wastes time and that each commits to completing each remaining procedure without delay. Procedures that can be completed in parallel are measured as simultaneous. The waiting time between procedures--for example, during unloading of the cargo--is included in the measure.
Source: World Bank, Doing Business project (http://www.doingbusiness.org/).
Lead time to export, median case (days)
Definition: Lead time to export is the median time (the value for 50 percent of shipments) from shipment point to port of loading.
Source: World Bank and Turku School of Economics, Logistic Performance Index Surveys. Data are available online at : http://www.worldbank.org/lpi. Summary results are published in Arvis and others' Connecting to Compete: Trade Logistics in the Global Economy, The Logistics Performance Index and Its Indicators report.
Sub-Topic: Trade facilitation