When the wary queen saw Loki, she hastily drew in her net, and tried to hide herself in the shadows of an overhanging rock.  But Loki called her by name, and said: 

“Sister Ran, fear not!  I am your friend Loki, whom once you served as a guest in Aegir’s gold-lit halls.”

Then the Ocean-queen came out into the bright moonlight, and welcomed Loki to her domain, and asked, “Why does Loki thus wander so far over the trackless waters?”

And Loki answered, “I have heard of the net which you spread upon the waves, and from which no creature once caught in its meshes can ever escape.  I have found a salmon where the Rhine spring gushes from beneath the mountains, and a very cunning salmon he is, for no common skill can catch him.  Come, I pray, with your wondrous net, and cast it into the stream where he lies.  Do but take the wary fish for me, and you shall have more gold than you have taken in a year from the wrecks of stranded vessels.”

“I dare not go,” cried Ran.  “A bound is set, beyond which I may not venture.  If all the gold of earth were offered me, I could not go.”

“Then lend me your net,” entreated Loki.  “Lend me your net, and I will bring it back tomorrow filled with gold.”

“Much I would like your gold,” answered Ran; “but I cannot lend my net.  Should I do so, I might lose the richest prize that has ever come into my husband’s kingdom.  For three days, now, a gold-rigged ship, bearing a princely crew with rich armor and abundant wealth, has been sailing carelessly over these seas.  Tomorrow I shall send my daughters and the bewitching mermaids to decoy the vessel among the rocks.  And into my net the ship, and the brave warriors, and all their armor and gold, shall fall.  A rich prize it will be.  No:  I cannot part with my net, even for a single hour.”

But Loki knew the power of flattering words.

“Beautiful queen,” said he, “there is no one on earth, nor even in Asgard, who can equal you in wisdom and foresight.  Yet I promise you that, if you will but lend me your net until the morning dawns, the ship and the crew of which you speak shall be yours, and all their golden treasures shall deck your azure halls in the deep sea.”

Then Ran carefully folded the net, and gave it to Loki.

“Remember your promise,” was all that she said.

“An Asa never forgets,” he answered.

And he turned his face again towards Rhineland; and the magic shoes bore him aloft and carried him in a moment back to the ice mountain and the gorge and the infant river, which he had so lately left.  The salmon still rested in his place, and had not moved during Loki’s short absence.

Loki unfolded the net, and cast it into the stream.  The cunning fish tried hard to avoid being caught in its meshes; but, dart which way he would, he met the skilfully woven cords, and these drew themselves around him, and held him fast.  Then Loki pulled the net up out of the water, and grasped the helpless fish in his right hand.  But, lo! as he held the struggling creature high in the air, it was no longer a fish, but the cunning dwarf Andvari.