We demonstrate the underwater quantum key distribution (UWQKD) over a 10.4-meter Jerlov type III seawater channel by building a complete UWQKD system with all-optical transmission of quantum signals, a synchronization signal and a classical communication signal. The wavelength division multiplexing and the space-time-wavelength filtering technology are applied to ensure that the optical signals do not interfere with each other. The system is controlled by FPGA and can be easily integrated into watertight cabins to perform the field experiment. By using the decoy-state BB84 protocol with polarization encoding, we obtain a bit rate of secure keys of 1.82 Kbps and an error rate of 1.55% at the attenuation of 13.26 dB. We prove that the system can tolerate the channel loss up to 23.7 dB and therefore may be used in the 300-meter-long Jerlov type I clean seawater channel.