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.
[4] hrafni: hrafna 744ˣ
[4] hrafni ‘the horse’: This is the name of a legendary horse and a heiti for ‘horse’ (see Note to Anon Þorgþ I 1/1, Þul Hesta 3/2 and Anon Kálfv 2/5-6).
case: dat.