Allvalda kannk alla
austr ok suðr of flausta
(Sveins es sonr at reyna)
setr (hverjum gram betri).
Kannk alla allvalda austr ok suðr of setr flausta; sonr Sveins es betri hverjum gram at reyna.
I know all mighty rulers east and south across the abode of ships [SEA]; Sveinn’s son [= Knútr] is better to deal with than any other ruler.