(1) Where any person is beneficially interested, otherwise than by way of mortgage, in any ship or share in a ship, that person, as well as the registered owner, shall be subject to all pecuniary penalties imposed by this or any other Act on the owners of ships or shares therein.
(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 therein, with or without joining the other of them.