The report contact is meant to be used for Neutral, Friendly, and ships that you have already sunk and/or have engaged.
The send contact report is meant to be used when you come upon a convoy or warship/ships that you have not already engaged and want the possibility of BDU sending a wolf-pack to help you.
And yes anytime you transmit over the radio their is a chance of any near by ship/ships knowing your general position.
-deicide
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