Nýt buðumk (Njarðar dóttur)
(nálægt vas þat -skála)
(vel of hrósak því) vísa
vǫrn (sævar ǫl-) (barni).
Nýt buðumk vísa vǫrn; þat vas nálægt ǫlskála sævar; of hrósak því barni dóttur Njarðar vel.
The useful one offered me secure protection; that was close to the ale-hall by the sea; I truly praise that child of Njǫrðr’s <god’s> daughter [= Freyja > = Hnoss (hnoss ‘treasure’)].