The terms of "narrow channel" and "fairway" are used repeatedly but not defined. A "channel" is a natural or dredged lane that is lined by shallow water. A "fairway" is generally open water where the water on either side is slightly more shallow on either side.
Both rules state that vessels should proceed through narrow channels or fairways as close as possible to the starboard side that is "safe and practicable".
Vessels in INLAND waters of the "Great Lakes, Western Rivers, or waters specified by the Secretary" will give the vessels "proceeding downbound" with a "following current" have the right-of-way over upbound vessels.
Vessels less than 20 meters in length or sailing vessels shall not impede any other vessel navigating within a narrow channel or fairway.
Vessels in a narrow channel have the right-of-way over crossing vessels.
INTERNATIONAL and INLAND require the overtaken vessel in a narrow channel or fairway to be in agreement and "take steps to permit safe passing". The sound signals for BOTH will be different (see Rule 34).
Overtaking vessels are the give-way vessels (see Rule 13).
No anchoring in a narrow channel unless "circumstances" force you to.