Forgot password?
submarines shipbuilding Black Sea Fleet exercise Pacific Fleet Russian Navy Northern Fleet strategy cooperation Ukraine visits Russia piracy missiles trials Sevastopol history Sevmash presence contracts drills Baltic Fleet industry incident anti-piracy shipyards Gulf of Aden frigate training Somalia India developments reforms opinion Borei procurements policy Russia - India aircraft carrier Crimea arms exports USA St. Petersburg France financing tests Bulava Yury Dolgoruky Serdiukov US Navy Mediterranean cruise Zvezdochka NATO innovations Indian Navy United Shipbuilding Corporation Medvedev Arctic agreements commission Admiralteyskie Verfi Admiral Gorshkov Vladivostok Mistral accident hijacking corvettes overhaul anniversary Russia - France Admiral Kuznetsov Vysotsky Rosoboronexport event ceremony Yantar Severomorsk negotiations defense order conflict aircraft China deployment naval aviation Black Sea investigations Putin Varyag coast guard Novorossiysk Vikramaditya landing craft marines crime Far East meeting Severnaya Verf scandals memorials Syria traditions escort statistics South Korea Japan Yasen Neustrashimy tenders convoys Marshal Shaposhnikov Admiral Chabanenko Ukrainian Navy Chirkov problems Severodvinsk reinforcement tension technology tragedy firings search and rescue Caspian Flotilla upgrade hostages provocation Baltic Sea Almaz Moskva frontier service court Turkey Dmitry Donskoy keel laying rumors Kilo class shipwreck World War II Petr Veliky Kaliningrad death Admiral Panteleyev Atalanta helicopters Norway Rubin Admiral Vinogradov patrols Russia-Norway delivery
Our friends russian navy weapons world sailing ships
Tell a friend Print version

Yantar shipyard requests to postpone delivery date of Indian frigates

Yantar shipyard requests to postpone delivery date of Indian frigates 16.12.2010
Text: Gazeta.Ru
Picture: Emblem of Yantar shipyard.
Yantar shipyard (Kaliningrad) requested additional $100 for completion of three frigates built by the yard for $1.6 bln under Indian Navy's order, and asked to postpone deadline of the contract execution, writes Kommersant.

The contract for construction of three frigates for Indian Navy was signed in summer 2006; it is planned to deliver the ships in 2011-2012.

Director General of JSC Yantar Shipyard (Kaliningrad) explained that additional funds are needed to recharge floating assets.

"Lack of floating assets is mostly related with VAT refund problem; we can refund the tax only after all three frigates will be delivered to India. We see proper to ask Rosoboronexport to participate in the contract implementation with its floating capital, considering that Rosoboronexport is also responsible for realization of this contract", explained the shipyard's director.

According to him, "Indian partners are informed of the situation and accept these changes, because only time displacement concerns them".

The contract cost remains the same.

Back to the list

Back to news list