Keychains and Boat Documents can refer to several things, but generally it concerns:
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Nautical keychains : practical and decorative items designed for boat keys. They're often buoyant (so they won't get lost in the water) and saltwater resistant.
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Boat documents : the set of mandatory documents to be kept on board, such as:
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Navigation license (or registration certificate)
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Insurance (mandatory third party liability insurance for some categories)
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Boating license (if required for the type of vessel and distance from the coast)
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Safety certificate (for vessels above certain dimensions)
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RINA (Italian Naval Register) or other certificates of suitability, if necessary
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Safety equipment (updated register)
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CE Conformity Document (for newer boats)
Waterproof cases or pouches are often used to store these documents safely on the boat.