। ॥
In plain words
He has crossed the fearsome ocean of becoming, and in the lotus of his hand he has a fine bowl. With his own gaze, which bears a most cooling light, he takes away the fear of those who keep to his lotus feet.
Word for word
Crossing the fearsome ocean of becoming, having a fine bowl in the lotus of his hand; bearing in his own gaze a most cooling light, taking away the fear of those who keep to his lotus feet.