Order IX Release from Arrest 1. (1) Where a ship or other property is under arrest in a proceeding and the Court is satisfied that- (a) an amount equal to- (i) the Amount claimed, or (ii) the value of the ship or property, whichever is the less, has been paid into court or (b) a bail bond for an amount equal to- (i) the amount claimed ; or (ii) the value of the ship or property, whichever is the l