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FOR ONE SIMPLE REASON: The motivation of Piracy is always either money or treasure and the motivation for terrorism is to create terror in minds of people.Although the means of doing this is either by killing or by capturing people which is same in both cases.

Terrorists always frighten and terrorize victims out there, they want to bring a change through inflicting FEAR. This is usually done through suicide/homicide bombs. 9/11 is one such example of terrorism.

Priracy on other hand is defined in United Nations Convention on the Law of the Sea (UNCLOS):
(a) any illegal acts of violence or detention, or any act of depredation, committed for private ends by the crew or the passengers of a private ship or a private aircraft, and directed:
(i) on the high seas, against another ship or aircraft, or against persons or property on board such ship
or aircraft;
(ii) against a ship, aircraft, persons or property in a place outside the jurisdiction of any State;
(b) any act of voluntary participation in the operation of a ship or of an aircraft with knowledge of facts
making it a pirate ship or aircraft.

Therefore terrorists are entirely different from Pirates.

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