Oakum
Oakum is a preparation of tarred fibre used to seal gaps. Its main traditional applications were in shipbuilding, for caulking or packing the joints of timbers in wooden vessels and the deck planking of iron and steel ships; in plumbing, for sealing joints in cast iron pipe; and in log cabins for chinking. In ship caulking, it was forced between the seams using a hammer and a caulking iron, then sealed into place with hot pitch.
Pine tar
Pine tar is combined with gum turpentine and boiled linseed oil to create a wood preservative. First, a thin coat is applied using a mixture with a greater proportion of turpentine. This allows it to permeate deeper into the oakum and fibre of the wood and lets the tar seep into any pinholes and larger gaps that might be in the planks. The tar weeps out to the exterior and indicates where the boat needs the most attention. This is followed with a thicker standard mix. Such treatments, while effective, must be continually reapplied.