Gráns (bera gollna spônu)
— gǫfug ferð es sú jǫfri —
skýtr holmfjǫturr Heita
hrafni (snekkju stafnar).
Holmfjǫturr skýtr hrafni gráns Heita; stafnar snekkju bera gollna spônu; sú ferð es gǫfug jǫfri.
The island-fetter [SEA] pushes the horse of the hostile Heiti <sea-king> [SHIP]; the prows of the warship bear golden plates; that journey is glorious for the prince.
[1] gollna: so Tˣ, W, 744ˣ, 2368ˣ, 743ˣ, goldna R, gyllta U
[1] gollna spônu ‘golden plates’: So Tˣ, W, 744ˣ, 2368ˣ, 743ˣ. Spánn was a plate that adorned the prow of a ship. Such plates could be elaborately carved and gilded (see Fritzner: ennispænir; Falk 1912, 43). For the R variant goldna ‘golden’, see ANG §275.