The caravel boasted
two or three masts that had interchangeable sails. Square sails were used for open water while lateen sails were used for shoreline sailing. They also had a rounded bottom, making them faster than other vessels of their time.
Here are your two differences the Caravel boasted
-had interchangeable sails (lateen sails)
-was made smaller with and had a shallow keel to take advantage of the wind
