Chatteris travelled to table-topping Godolphin on the first wet weekend of the season.
Both teams agreed to reduce the match to 32 overs to give the best possible chance of getting a game in.
Chatteris won the toss and elected to bowl and got off to the perfect start having Godolphin in real trouble at 57-6, Palmer and Wool doing the early damage.
Palmer finished with figures of 4-33 and Wool with 2-33. The Godolphin number eight and number two batsmen batted very well to both finish with 54 and steer Godolphin to 151 all out from 32 overs. Other notable contributions from the bowlers were Munns, who finished with 1-29, and Bamford 3-29.
Chatteris went out to bat confident that they could chase down the total but got off to the worst possible start losing the in-form Bamford in the second over. Cunningham was next to fall in the sixth over with the score on 25.
Chatteris then got bogged down. The incoming batsmen all had to try to push the run rate on but in wet conditions it was proving very difficult until Palmer came to the crease and made things a bit more interesting with 28 from 19 balls.
He was caught on the boundary in the 29th over. After that wickets fell regularly and Chatteris were bowled out for 128 in the 31st over.
Captain Anthony Palmer said: “Obviously we are disappointed to have lost the game. We bowled pretty well in difficult circumstances and credit has to be given to the two Godolphin batsmen who basically have won them the game.
“With our batting we just struggled to keep on top of the run rate and let it get too high, meaning that the batsmen coming in at the end had to go for it from the first ball. With a fairly young team they will learn from this and hopefully improve in future games.”