Leit á brattrar brautar
baug hvassligum augum
— œstisk áðr at flausti
ǫggs búð — faðir Þrúðar.
Faðir Þrúðar leit á baug brattrar brautar hvassligum augum; áðr œstisk búð ǫggs at flausti.
The father of Þrúðr <goddess> [= Þórr] stared with piercing eyes at the ring of the steep road [= Miðgarðsormr]; previously the dwelling of the redfish [SEA] surged against the boat.
[2] baug: baugs U
[1-2] baug brattrar brautar ‘the ring of the steep road [= Miðgarðsormr]’: A slightly unusual kenning for the World Serpent, often referred to as the ring, thong or rope of the sea, alluding to his lying in the ocean encircling the world. Brattrar brautar ‘of the steep road’ might refer to towering seas or possibly to sea-cliffs. In such kennings the determinant is usually a noun or phrase for the earth.
case: acc.