(1) A person —
(a) claiming to have a right to claim in rem against any property which is under arrest or the proceeds of sale thereof; and
(b) who wishes to be served with notice of any application to the court in respect of that property or those proceeds,
must file a request in the appropriate practice form.
(2) On the filing of a request under paragraph (1) the court office must enter a caveat in the caveat book.
(3) If the release of any property under arrest is delayed by the entry of a caveat under this rule, any person having an interest in that property may apply to the court for an order requiring the person who procured the entry of the caveat to pay to the applicant damages in respect of the loss suffered by the applicant by reason of the delay.
(4) On hearing an application under paragraph (3) the court, unless it is satisfied that the person procuring the entry of the caveat had a good and sufficient reason for so doing, may make an order accordingly.
(5) If the court makes an order under paragraph (4), it must decide who should pay the costs of the application and assess the costs in accordance with rule 65.11.