Which statement is TRUE concerning two sailing vessels approaching each other?

The statement regarding a sailing vessel overtaking another is indeed accurate. In maritime navigation, when two sailing vessels are approaching one another, the maritime rules specify that the overtaking vessel must give way to the vessel being overtaken. This holds true regardless of the sailing direction or tack of the vessels involved. The responsibility of the overtaking vessel is to ensure safe passage and avoid collisions, making it the give-way vessel in this scenario.

The other options do not communicate an accurate understanding of the rules governing sailing vessels. For example, while both sailing vessels are generally required to give way to larger vessels in certain contexts, larger vessel considerations involve various factors, including overall navigational scenarios that aren't universally applicable. Similarly, the question of tacks—where a sailing vessel on a starboard tack is generally considered the stand-on vessel—contradicts the statement about a vessel on a port tack being the stand-on vessel. This highlights the complexity of right-of-way rules when multiple vessels are concerned.

Overall, the emphasis on the overtaking vessel being the give-way vessel clarifies the expected behavior in such encounters, reinforcing a fundamental principle of safe maritime navigation and responsibility.