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FreeRadical said..
Don't use cardboard. It shouldn't be on a boat.
Get some kind of plastic tube, proper chart tubes are only $20 at whitworths.
save and collect those little silica gel packs that seem to come in everything you buy, chuck a few in the chart tube, keep a bunch in an airtight bag that you can put your phone in after you drop it in the water, make up bundles of them in small mesh bags and put in Nav table, book cupboards etc. swap them out every now and then.
+1 . Especially the silica gel packs. I used plumbing pipe from the hardware store with appropriate caps either end.