(1) Payment of a reward fixed in accordance with section 388 shall be made by the owners of the vessel and of other property interests in proportion to their respective salved values.
(2) For expediency, the owner of a vessel shall pay the reward on behalf of all interests referred to in subsection (1), subject to the owner of the vessel retaining the right to be reimbursed by these other interests.
(3) The owner of a vessel who makes the payment under subsection (2), may require the other interests to provide security not exceeding the values of their respective salved interests until the owner of the vessel has been fully reimbursed.