Þat segik fall á fǫgrum
flotna randar botni.
Ræs gǫfumk reiðar mána
Ragnarr ok fjǫl sagna.
Segik þat fall flotna á fǫgrum botni randar. Ragnarr gǫfumk mána reiðar Ræs ok fjǫl sagna.
I relate that fall of men on the splendid base of the shield. Ragnarr gave me a moon of the chariot of Rær <sea-king> [SHIP > SHIELD] and a multitude of stories.