(1) A person liable to make a payment under this Act shall upon the request of the salvor give security to the satisfaction of the salvor for the claim, including interest and costs of the salvor.

(2) Notwithstanding subsection (1), the owner of the salvaged vessel shall take all reasonable steps to ensure that the owners of the cargo provide security to the satisfaction of the owner of the vessel or of the salvor for the claims against the owners of the cargo, including interest and costs, before the cargo is released.

(3) The salvaged vessel and its property shall not without the consent of the salvor be removed from the port or place at which they first arrive after the completion of the salvage operation, until security to the satisfaction of the salvor has been put up for the salvor's claim against the relevant vessel or its property.

(4) A court may upon application by the salvor in a dispute between the salvor and the person liable to pay for the claim under this Part, or between the owner of the vessel and the owner of the cargo, relating to security to be provided, decide the amount and the terms of the security.