  Within the weak-field, post-Newtonian approximation of the metric theories of
gravity, we determine the one-way time transfer up to the order 1/c^4, the
unperturbed term being of order 1/c, and the frequency shift up to the order
1/c^4. We adapt the method of the world-function developed by Synge to the
Nordtvedt-Will PPN formalism. We get an integral expression for the
world-function up to the order 1/c^3 and we apply this result to the field of
an isolated, axisymmetric rotating body. We give a new procedure enabling to
calculate the influence of the mass and spin multipole moments of the body on
the time transfer and the frequency shift up to the order 1/c^4. We obtain
explicit formulas for the contributions of the mass, of the quadrupole moment
and of the intrinsic angular momentum. In the case where the only PPN
parameters different from zero are beta and gamma, we deduce from these results
the complete expression of the frequency shift up to the order 1/c^4. We
briefly discuss the influence of the quadrupole moment and of the rotation of
the Earth on the frequency shifts in the ACES mission.
