The precision of time transfer over intercontinental distances by the
GPS common-view method reaches 3-4 ns for a single 13 min measurement,
and decreases to 2 ns when averaging several measurements over a peri
od of one day. Such precision can only be achieved by using measured i
onospheric delays, precise ephemerides, and a consistent set of statio
n coordinates. The accuracy of GPS time transfer can be estimated by u
sing three intercontinental links encircling the Earth to establish a
closure condition. It is found that the accuracy is also at the level
of a few ns, and mainly depends upon the set of ephemerides which is u
sed for the satellites.