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(1) Where any person is beneficially interested otherwise than by way of mortgage, in a ship or a share in a ship, the person interested, as well as the registered owner of the ship, is subject to all pecuniary penalties imposed by this Act or any other enactment on the owner of the ship or the owner of the share in a ship.

(2) Proceedings may be taken for the enforcement of any penalties referred to in subsection (1) against both or either of the parties referred to jointly or severally.