ST. PETERSBURG, June 26 (RIA Novosti) - Russia will fulfill its obligations on schedule to supply three Project 11356 frigates to India by 2012, a shipbuilding industry official said on Friday.

Russia is building three Project 11356 Krivak IV class guided missile frigates for the Indian Navy at the Yantar shipyard in Russia's Baltic exclave of Kaliningrad as part of a $1.6 billion contract signed in July, 2006.

"The contract's deadline is 2012. We are not expecting any delays at this point," general director of the Yantar shipyard Igor Orlov said at the 4th International Maritime Defense Show in St. Petersburg.

The official said the hulls of all three vessels had been laid down at the shipyard.

"The first ship will be floated out this year, the second, probably, in spring 2010, and the third - a bit later," he said, adding that the Indian government had provided sufficient and timely project financing.

A delegation of Indian military officials, led by India's deputy chief of the naval staff, Vice Adm. Raman P Suthan, visited the Yantar shipyard in October last year and said it was satisfied with the pace and the construction quality.

Russia previously built in 2004 three Krivak class frigates - INS Talwar, INS Trishul and INS Tabar - for India, but they all were delivered late.

All of the new frigates will be armed with eight BrahMos supersonic anti-ship cruise missile systems and not the Club-N/3M54TE missile system, which was installed on previous frigates.

The Krivak class frigate has deadweight of 4,000 metric tons and a speed of 30 knots, and is capable of accomplishing a wide range of maritime missions, primarily hunting down and destroying large surface ships and submarines.