Mperiyak -
1) Yes, you'd need to have a tape drive. It could be a VTL.
2) If you're keeping 84 monthly snaps on the vault, then you'd probably want to do the smtap from the primary.
A monthly smtape would have all 30 daily snaps on a single tape image.
It's not a set of UFS dumps, it's a snapmirror image on tape. It's very space efficient.
I hope this response has been more helpful to you.
At your service,
Eugene E. Kashpureff, Sr.
Independent NetApp Consultant http://www.linkedin.com/in/eugenekashpureff
Senior NetApp Instructor, FastLane US http://www.fastlaneus.com/
(P.S. I appreciate 'kudos' on any helpful posts.)