Ian has talked about the LSCI. And as you may have seen, there is a lot of information already contained in the data, and the various components use for the computation of this index. What I'm trying to talk about now, is the bilateral version of these LSCI. It's not a truly bilateral version, it's bilateral in scope, but we will introduce some different type of indicators in the construction of this bilateral version. So, first of all, why do we want these bilateral version of the LSCI? Well, in a recent study, I found that the absence of a direct connection was associated with a drop in exports value varying between 42 to 55% depending on the type of specifications we were considering. So, that's quite important. And as you may remember, Ian told you that very few country pairs were connected directly. So, we may think that there is scope for increasing trade simply by improving the connectivity amongst countries around the world. But in order to do so in a proficient manner and educated manner, we have to know a bit more about the nature of the bilateral connectivity between all country pairs that we may have in the world. Another work done by Ian and some of his co-authors, propose a first truly bilateral index of liner shipping connectivity, which was a true actually extension of the UNCTAD LSCI. But the final results and perhaps the choice of the components were, according to the authors themselves, not the most appropriate. So, what we did here is that we try to put together these two contributions and build something that we could see as the most acceptable bilateral index of liner shipping connectivity. As for the data, well, we are going to use exactly the same source that is used for the LSCI. So, I will not go back to that. Once again, the year 2007 is not reported due to the absence of observation for that specific year. We have the possibility to include additional coastal countries, so go beyond the 138 coastal countries and move up to almost 160, but that would be only for a limited number of years. We can also using some specific assumptions include some landlocked countries in our sample. As in the case for the LSCI, the LSBCI is computed once a year, and all the information can be downloaded from the UNCTAD website. You would find the link here. Let me first present the components, and I will then talk about the details of them, and take you also to the computation of the index itself. So, we will be considering five components. The number of transhipments required to get from country I to country. J. The number of common direct connections between any two countries. The geometric mean of the number of direct connections. The level of competition on services that connect country pairs. And the size of the largest ships on the weakest route.