The submarine torpedoed and damaged the Danish merchant Orion (2,405 GRT) on 19 June 1942, but did not sink the cargo vessel.

She scored most of her success against the German-Swedish iron ore shipping lines, which was the main target of 1942 Soviet submarine campaign.

On the last mission, the submarine division commander Captain 2nd Rank V.A.

The most likely cause of the sinking was that she struck a naval mine in the Seeigel minefield on 18 July 1942.

[3] UMEX (Underwater Exploration Team) divers located the wreck of Shch-317 on 2 May 2018 at a depth of 255 ft. (78 meters) in the eastern part of the Gulf of Finland near Gogland.