And at once Sigvaldi took his long-ship and rowed out to the ships, holding up a white shield; they, on the other hand, lowered their sails and waited. But that large ship was the Crane, steered by Thorkell Dydrill, the King's kinsman. They asked of Sigvaldi what tidings he had to tell them. He declared he could tell them tidings of Sweyn, the Danish king, which it were right Olaf Tryggvason should know—he was setting a snare for him if he were not on his guard. Then Thorkell and his men let their ship float, and waited for the King.
Then saw King Sweyn four ships of great size sailing, and one by far the largest, and on it a dragon's head conspicuous, all of gold. And they all at once said: 'A wondrous big ship and a beautiful one is the Long Snake. There will be no long-ship in the world to match her for beauty, and much glory is there in causing to be made such a treasure.'
Then said Sweyn, the Danish king, out loud: 'The Long Snake shall bear me; I shall steer it this evening before set of sun.'
Whereat Earl Eric said, but so that few men heard: 'Though Olaf Tryggvason had no more ships than may now be seen, never will Danish king steer this ship if they two and their forces have dealings together.'
Sigvaldi, when he saw where the ships were sailing, bade Thorkell Dydrill draw his ship under the island; but Thorkell said the wind sat better for them to sail out at sea than to keep under the land with large ships and light breeze. But they gathered them under the island, these last four, because they saw some of their ships rowing under the island, and suspected that there might be some new tidings; so they tacked and stood in close to the island, and lowered their sails and took to their oars. The large ship of this group was named Short Snake.
And now the chiefs saw three very large ships sailing, and a fourth last of all. Then said Earl Eric to King Sweyn and to Olaf, the Swedish king: 'Now stand ye up and to your ships; none will now deny that Long Snake sails by, and there ye may meet Olaf Tryggvason.'
Whereat silence fell on the chiefs, and none spake; and great fear was on the crews, and many a one there dreaded his bane.
Olaf Tryggvason saw where his men had laid them under the island, and, feeling sure that they must have heard some tidings, he also turned these ships inwards to the island, and they lowered sail. Earl Sigvaldi steered his ship inwards along the island to meet the fleet of the other kings that was coming out from the harbour inside. Therefore sang Stefnir about Sigvaldi, the foul traitor who drew Tryggvason into a trap.
'None will now deny that "Long Snake" sails by'