Gramr vann gǫrvan, en glatat þjófum,
kaupmǫnnum frið, þanns konungr bœtti,
svát í elfi øxum hlýddi
flaust fagrbúin í fjǫru skorða.
Gramr vann kaupmǫnnum gǫrvan frið, þanns konungr bœtti, en glatat þjófum, svát í elfi hlýddi skorða fagrbúin flaust øxum í fjǫru.
The ruler achieved complete peace for merchants, which the king had improved, and he destroyed thieves, so that in the river one could buttress the splendidly equipped ships with axes on the shore.