If two boats are on the same tack, then the boat to windward gives way to the boat to leeward (pronounced 'loo'ard'). Here's how it works:
Windward and leeward
The windward boat is toward the direction that the wind is coming from. The leeward boat is away from the direction that the wind is blowing from.
Both boats are on the starboard tack: the windward boat must keep clear.
Once again, the right of way boat hails and the windward boat responds by altering course.
These boats are on the same tack but very different courses: As before the windward boat must keep clear of the leeward boat.